Apartment blocks under construction in the outskirts of Beijing. A poll by Huatai Securities found that only four cities had posted growth in sales year on year during the February 4-9 period. Photo: Reuters

China new home sales decline by 56 per cent during Lunar New Year holiday

  • Fundamentals of property sector ‘exacerbated’, says China International Capital Corporation
  • Major reason for the big slump is high comparison base, says CGS-CIMB Securities analyst
Topic |   China property

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Apartment blocks under construction in the outskirts of Beijing. A poll by Huatai Securities found that only four cities had posted growth in sales year on year during the February 4-9 period. Photo: Reuters
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