In the first quarter, mainland property sales fell 5.2 per cent year on year in value and 3.8 per cent in terms of volume. Photo: Reuters
In the first quarter, mainland property sales fell 5.2 per cent year on year in value and 3.8 per cent in terms of volume. Photo: Reuters
Property /  Hong Kong & China

Housing 'correction' threatens broader mainland economy

Slowdown in property investment will increase pressure on the central government to relax its housing policy to avoid meltdown in the sector

Sandy Li
Sandy Li

Updated: 1:14am, 13 May, 2014

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In the first quarter, mainland property sales fell 5.2 per cent year on year in value and 3.8 per cent in terms of volume. Photo: Reuters
In the first quarter, mainland property sales fell 5.2 per cent year on year in value and 3.8 per cent in terms of volume. Photo: Reuters
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