Property agent Homelink says about 80 per cent of secondary homeowners have lowered their asking prices. Photo: Bloomberg

Cracks appear in Beijing’s housing market, as up to 80 pc of sellers lower asking prices

Transactions have slumped since mid March amid a sudden U-turn in confidence as the credit squeeze weighs on homebuyers

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Property agent Homelink says about 80 per cent of secondary homeowners have lowered their asking prices. Photo: Bloomberg
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