Models of residential buildings are seen during an overseas property exposition in Beijing in April. Prices and transactions of second-hand residential property plunged in May, as the government’s curbs took effect. Photo: Reuters
Beijing’s May home prices decline for the second month as market curbs begin to bite
Transaction volume and prices fell in 10 of Beijing’s 14 districts, led by declines in Tongzhou and Yizhuang, according to data by 5i5j.
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China property
Models of residential buildings are seen during an overseas property exposition in Beijing in April. Prices and transactions of second-hand residential property plunged in May, as the government’s curbs took effect. Photo: Reuters