Via Investing in Chinese Stocks, the latest housing market article shows the hot second-tier markets of Xiamen, Suzhou, Nanjing and Hangzhou have turned:
According to Wind data show that from March and April began, Hangzhou , Nanjing , Suzhou , Xiamen and other second-tier cities into the hot cooling mode, and the decline significantly exceeded the market average. The end of July this year, the monthly volume decline of these cities is generally higher than the points dropped by more than two to three percent, Xiamen property market turnover decline is as high as 64%.
Data show that Xiamen commercial housing transaction sets the stage reached 8566 sets small peak in April 2016 after they presented cliff-style decline. July Transacted commercial housing units in 3097, compared with April fell 64%.
