Sales Climb as Shenzhen Existing Home Prices Slump to 70 Week Low
Shenzhen Zhongyuan real estate May 31 release of the weekly report shows that last week, Shenzhen, the average price of second – hand housing fell 5.0% qoq, down to 48,242 yuan / square meter, which has become 70 weeks in Shenzhen since the week, The lowest.
New home prices rose 8.3 percent because the luxury market held up better. The number of new homes fell 5% from April, but the area sold rose 5%. Existing-home sales climbed 28% and area sold climbed 29%.