New home sales in Beijing to soar to 16-month high

Note: This section contains information in English only.
Source: China.org.cn
The number of new houses sold in Beijing is likely to approach the pre- tightening level in May. More than 8,500 apartments were purchased in the first 26 days of May, indicating a 25% increase from the April's figure. Zhang Dawei, chief Centaline analyst, attributed strong performance of the real estate market to price reductions, growing supply and strengthening demand.


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