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Housing market sluggish during China’s golden week holidays

Posted on 13 October 2008

From Epochtimes.com: For a long time China’s “Golden Week,” a long holiday celebrating National Day, has been synonymous with a boon for the housing market. However, despite high expectations for this year’s holiday by Chinese real estate developers, the market in Beijing, Shanghai and Shenzhen has instead shown itself as sluggish.

Despite Golden Week being anticipated to be a turning point for an otherwise stagnant housing market, it failed to reverse the downward slide of the market in Beijing. Despite a variety of discounts and promotions, sales volume remained extremely low….. Full Article: Source


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