| A virtual shutdown of China’s new home sales during the Lunar New Year holiday week could signal a major crack in buyer confidence, with some analysts seeing prices heading lower as cash-strapped real-estate developers become more aggressive in their selling.
Not a single new apartment was sold in Beijing during the Lunar New Year holiday week, while about three sales per day on average were seen in the southern city of Shenzhen, according to various recent official data...............................................Full Article: Source
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