Bloomberg News

China Says Home Sales Drop in Half of Cities, Xinhua Reports

April 17, 2012

Half of the 44 monitored in China saw a decline in commercial home-sales in the April 9 to April 15 period from a year earlier, Xinhua News Agency said, citing statistics from the China Index Academy.

Home transactions in nine cities tumbled more than 50 percent, with Qingdao in the eastern province of Shandong having the biggest drop, of 76 percent, Xinhua said. The decline in volumes slowed in seven of 10 “key” cities, Xinhua said in a separate report.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net


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