Beijing Home Sales Fall in First Week of May

iFeng: 京五月首周成交量微降 近期楼市上涨力度加大

Last week, the Beijing property market turnover decreased heat. Agency data showed last week the city's commercial housing turnover fell 6.5% wow; second-hand housing net signed 2% wow decrease, prices remain stable.

The weekly data is very volatile and the central bank cut rates effective Monday this week.