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

Price cuts may deepen after weak holiday sales of new homes

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

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