Only 7,400 square metres of new residential flats entered the market in Shanghai in October. Photo: AFP
Only 7,400 square metres of new residential flats entered the market in Shanghai in October. Photo: AFP

2017’s first decline in bank loans for property development after state controls chill Shanghai market

Loans to developers dropped by 3.6 billion yuan in October

Only 7,400 square metres of new residential flats entered the market in Shanghai in October. Photo: AFP
Only 7,400 square metres of new residential flats entered the market in Shanghai in October. Photo: AFP
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