First Third of June: Beijing Existing Homes Sales Halved

net signed data show June 1st to the 10th Beijing city's total net signed 2670 existing housing units, a 55.3% drop over the same period in May, in early trading volume since 2016 the minimum each month, even lower than where the Chinese New Year in early February.

After entering June, Beijing existing residential transactions fell from more than 1,000 homes to 500 homes or even less per day. This is the first time in the past six months with less than 500 contracted sales, previously sales were more than 1,000 units each day.
iFeng: 6月上旬京二手房单日网签量降至500套以下

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