Top developer sales slip back into contraction in June
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The housing market’s nascent recovery went into reverse in June. Per data from China Real Estate Information Corp. (CRIC), an independent data provider:
New home sales by China's top 100 developers reached RMB 306.5 billion in June, up 3.9% m/m. On a year-on-year basis, sales fell 9.6%.
The renewe...