| New-home prices plummeted by more than 20 percent year-on-year in the capital city in May, and analysts said other cities will follow the trend in the second half of this year.
In Beijing, the average price of a newly constructed unit dropped to 23,467 yuan ($3,400) a square meter (sq m), a month-on-month decrease of 7.19 percent, and 21.06 percent lower than the same period last year, according to SouFun.com, the largest property website in China...............................................Full Article: Source
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