Beijing New Home Sales Fall 36pc From September

Full month data is in:
According to Homelink Institute statistics Group, in October 2016, Beijing existing homes net signed 19291 units, fell by 30.1% compared with September. In addition to net signed data, the actual trading volume in the secondary market also fell.

New house connection, in October the city of new commodity housing (excluding affordable housing) volume of 8800 units, the chain fell 35.9% in September over the same period; average transaction price was 34,798 yuan / square meter, the chain fell 2.8% in September over the same period; turnover of 338.18 billion, a decrease of 27.3% over the same period in September, October, Beijing new home market has shown a trend of volume and price down.
iFeng: 10月二手房成交跌3成 新房市场呈量价齐跌态势

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