China Home Prices Drop For The First Time Since 2015 As Existing Home Sales Crash 63%
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China Home Prices Drop For The First Time Since 2015 As Existing Home Sales Crash 63%

Two weeks after we reported that China's property market just suffered "catastrophic" property sales in September which invoked Goldman's "hard landing" scenario and which saw total sales of 759.6b yuan plunge 36.2% from September 2020 (and 17.7% lower from the same period in 2019), deepening a downward spiral that started in July with transaction volume of residential properties in Beijing,...

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