Home Facts china

China home transactions falling in some cities

China home transactions falling in some cities

Write: Petara [2011-05-20]

Home transactions in some Chinese cities began decreasing in mid-April, China's top economic planning body said.

Prices have plateaued in some cities and specultors are exiting the property market, the National Development and Reform Commission said on its website. China has curbed excessive gains in home prices in some cities, it said

.