Prices for newly-built residential houses in Beijing averaged at 12,326 yuan ($1,948) per square meter in the first quarter, down 20.7 percent year-on-year, Shanghai Securities News reported on Monday.
The data came from a report issued by the Beijing Real Estate Association – a non-profit organization linking the nation’s government with the real estate market – at Beijing Real Estate Trade Fair that ended on Sunday………………………………………..Full Article: Source