25.10.2011 - Beijing's commercial housing sales down 12 pct in first three quarters
Commercial housing sales in Beijing fell 12 percent year-on-year in the first three quarters of the year, a sign that the red-hot property market has begun to cool down, the municipal statistics bureau said Monday. The total area of commercial housing sold slumped to 6.32 million square meters during the January-September period, the Beijing statistics bureau said in a press release. Prices of new homes in the city have shown zero month-on-month growth for four straight months, while prices of pre-owned homes fell 0.4 percent month-on-month in September, according to the National Statistics Bureau.............................................Full Article: Source
Print