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Shenzhen property turnover slides, prices firm

CCTV.com

06-03-2016 16:30 BJT

Time to check on property. Shenzhen has seen its turnover slide for two months now. There were almost 6,000 home transaction in May--down almost half year on year. The number was over 10,000 in April.

Existing homes led the drop, with 3,700 deals closed. That was 56 percent lower from the previous month. However, prices remain strong. Prices for new homes in Shenzhen stood at 55,000 yuan per square meter, up 12 percent on a monthly basis. 

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