16.11.2011 - Beijing's commercial housing sales down 18pct
Commercial housing sales in Beijing fell 17.8 percent year-on-year in the first ten months of the year, a sign that the slew of government measures to cool down the property market have taken effect. The total area of commercial housing sold slumped to 6.97 million square meters during the January-October period, the Beijing statistics bureau said in a statement Monday. Earlier this year, the city government rolled out measures -- including higher mortgage rates, a ban on third-home mortgage loans and purchase restrictions -- to clamp down on market speculation............................................Full Article: Source
Print