China Home Sales Plunge in July, as Mortgage Revolt Deters Buyers

China Home Sales Plunge in July, as Mortgage Revolt Deters Buyers

China’s new home prices fell in July as mortgage-boycott crisis hit sentiment

Prices of new homes in 100 cities averaged 16,204 yuan per square metre in July, marginally weaker than in June, according to property researcher CREIS.

China July home prices, sales volume fall as sentiment wilts

BEIJING : China's July new home prices and sales volume both fell from a month earlier, a private survey showed on Monday, with fragile sentiment further corroded by nationwide threats by homebuyers to stop paying mort gaugesfor unfinished projects.New home prices in 100 cities were down 0.01 per cent fro

China July home prices, sales volume fall as sentiment wilts

China's July new home prices and sales volume both fell from a month earlier, a private survey showed on Monday, with fragile sentiment further corroded by nationwide threats by homebuyers to stop paying mortgages for unfinished projects.

China home sales slump further amid mortgage boycotts

Combined contract sales plunged 39.7% from a year earlier to 523.1 billion yuan (S$107 billion). Read more at straitstimes.com.

China home sales drop in July, exposing fragile market

China's housing market made some gains in May and June, but July's substantial drop has largely blunted any gains made by the previous months of recovery.