A view of the Hongkou district in Shanghai, with apartments under construction in the background, and traditional low rise homes in the foreground, as of October 8, 2009. Photo: Alamy
China’s February home sales value extends decline as trade war weighs on the lifetime buying decision for most people
- Contracted sales value by China’s 100 largest developers fell 11 per cent in February, from last year, according to data by China Real Estate Information Corp
- Sales may contract by more than 10 per cent in March, according to a forecast by China International Capital Corp, the country’s largest investment bank
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China property
A view of the Hongkou district in Shanghai, with apartments under construction in the background, and traditional low rise homes in the foreground, as of October 8, 2009. Photo: Alamy