After fastest increase in last year, recently, the house price in Beijing dropped 19.67 percent in December from the previous month, said Shanghai Daily:
The average residency price dropped to 12,180 yuan (US$1,676) per square meter from 15,162 yuan. Prices in Dongcheng, Xicheng, Chongwen and Xuanwu, the districts with the highest house prices, slumped to 18,401 yuan per square meter from 23,467 yuan, the CCTV report said yesterday, quoting SouFun Holdings Limited….[Full Text]
See also a CCTV report, “Beijing Housing Market Slipping,” translated by CDT.
[Image from Google Image]
