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Covid-19 hit to China's property market 'could be more severe'

For example, 19 cities - including Wuhan - had no transactions last month, so prices were considered unchanged

The question now is whether the downturn will be long-lasting, or will the market snap back quickly as the lockdowns are lifted and life returns to normal.


CHINA's home-price growth stalled last month and sales plunged as large swathes of the country were locked down at the height of the novel coronavirus outbreak.

New-home prices in 70 major cities, excluding state-subsidised housing, rose just 0.02 per cent in February from...

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