Beijing property sales halve

Monday 17 October 2016

With the advance of a new round of market regulation policy, the Beijing real estate market began to cool.According to Albert I love my home market Institute statistics show that group, 1 to 15 October, Beijing new commodity housing a total net signed 1579 sets, compared with the same period last month reduced by 45% compared with the same period last year first half of October down 42%.

Cause I love vice president of my home group Hu Jinghui said that since October, the net signed volume that the New Deal affect a slight decline, some funds are more nervous customers to delay or cancel the purchase plan, the emergence of the phenomenon of some customers default, but the default scale phenomenon does not appear.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.