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China: Housing curbs take toll on sales

Posted on 04 January 2013

A pick-up is unlikely in the short term after residential transactions plunge 53 per cent in December and total value slumps 59 per cent. Home sales fell last month to their lowest level since late 2008, at the start of the global financial crisis, indicating government measures have succeeded in curbing demand.
The number of residential transactions plunged 53.3 per cent to 3,286 from November, while the total consideration tumbled 59.1 per cent to HK$17.2 billon, data released by the Land Registry yesterday showed………………………………………..Full Article: Source


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