Hangzhou suffered a 15 per cent drop in prices of new homes from a year earlier. Photo: Reuters
Hangzhou suffered a 15 per cent drop in prices of new homes from a year earlier. Photo: Reuters
Property /  Hong Kong & China

New home market in top mainland China cities softens in April

Market has cooled much faster than expected, with price discounts spreading to more cities

Langi Chiang
Langi Chiang

Updated: 6:18am, 14 May, 2014

Why you can trust SCMP
Hangzhou suffered a 15 per cent drop in prices of new homes from a year earlier. Photo: Reuters
Hangzhou suffered a 15 per cent drop in prices of new homes from a year earlier. Photo: Reuters
READ FULL ARTICLE