Housing Market Sentiment Turns Bearish
Home sales fell broadly in July according to initial reports. The top 100 developers saw sales drop 39 percent from June.
Guangzhou sales rise 10 percent
29 first-, second- and third-tier cities see sales fall 26 percent yoy. Sales area fell 9 percent, almost 60 percent of cities declined.
iFeng: 7月中国29城楼市成交同比降26% 一二三线城市均下滑
E-House warns real estate valuation distortions at 70 percent of Japanese 1990 peak
House flippers start dumping property, eating 500,000 yuan losses as focus becomes return OF capital