Eastern China’s Zhejiang province could be in for more trouble as the SWAT team was called in to calm protests that erupted in the city of Taizhou after property developers began discounting home prices by 30 percent late last month.
China’s residential real estate prices fell for the second month in a row in April compared to rates in 2011. The average transaction price for home sales fell 1.2 percent according to data released on Friday by the National Bureau… Read More>>
It’s the statistical time of the month again, and the fresh batch of numbers from China’s National Statistics Bureau show a sixth straight month of slipping home prices for many cities in the nation.
This month’s figures show that the… Read More>>