Report in the China Securities Journal :
- New home sales in Beijing reached only 200 units during the May 1st holiday, its lowest level since 2009.
- According to data from Homelink, a major Beijing-based property agent, Beijing’s house transactions in April fell 18.4% m/m and 18.1% y/y, with average prices down more than 10% from March
- Government online house transaction registration data showed house sales in Shanghai fell 27.35% m/m in April and down 23.35% y/y
- While in Guangzhou, house sales were down 7.5% y/y and 16.7% m/m.