China Jan-Feb property sales post biggest fall in 3 years

Hong Kong

CHINA'S property sales in the first two months of 2015 dropped by the most in three years amid a glut of housing supply, and real estate investment growth eased.

Sales revenue dropped 15.8 per cent in the two-month period versus January-February last year, the worst drop since the 2012 fall of 20.9 per cent.The property sector accounts for some 15 per cent of China's economi…