New home transactions plunged in Tier 2 cities like Nanjing. Photo: Reuters

Price cuts may deepen after weak holiday sales of new homes

Name: SCMP
Telephone: +852-2680-8888

Plunge in deals during May Day holiday and no change in lending rules may force mainland firms to offer bigger discounts to revive sentiment

Published: 3:30pm, 6 May, 2014

Updated: 3:43am, 7 May, 2014

New home transactions plunged in Tier 2 cities like Nanjing. Photo: Reuters

READ FULL ARTICLE