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Property market hits new low in Beijing

Posted on 03 August 2011

Beijing’s real estate market is still gloomy months after the government issued housing purchase restrictions, National Business Daily reported Tuesday.
According to statistics from bjfdc.gov.cn, 16 contractors offering forward delivery housing projects obtained pre-sale permits in Beijing last month. The project made 4,300 available to buyers in July, which is about 40 percent of the number from June. Just over 300 buyers purchased units of forward delivery housing in July, representing 7.1 percent of the total available……………………………………….Full Article: Source


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