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
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

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Langi Chiang
Langi Chiang

Updated: 6:18am, 14 May, 2014

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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
Hangzhou suffered a 15 per cent drop in prices of new homes from a year earlier. Photo: Reuters
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