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Poly home sales tumble 39.27% in Oct

The Poly Real Estate Group Co, China’s second-largest developer by market value, posted a steep housing sales drop of 39.27 percent year on year, hitting 5.42 billion yuan ($857 million)…

Housing market close to turning point

The continued tightening measures of the government and the poor autumn sales volume have forced Chinese property developers to cut housing prices nationwide, which indicates that the market is moving…

Real estate meltdown fears

A number of leading real estate brokerages have started shutting outlets, as the government’s ongoing property-tightening measures cause transactions to slump and the price of pre-owned homes to hit a…

Housing market close to turning point

The continued tightening measures of the government and the poor autumn sales volume have forced Chinese property developers to cut housing prices nationwide, which indicates that the market is moving…

Home price-cuts get steeper, more extensive in China

Just like what China’s millions of homebuyers have long expected, a nationwide price cut in new home sales has finally begun, as increasing inventories and continued government curbs are pushing…

Housing index posts decline

SHANGHAI’S existing housing index fell in October for the first time in 13 months, with the majority of home owners still reluctant to offer price discounts. The index, which monitors…

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