Source: Beijing Morning Post
+ Statistics show that the trading volume of shops and office buildings in Beijing witnessed a continuous decline in Sep-Oct, with MoM decline of 18% and 7.4% respectively.
+ In October, the trading volume of shops and office buildings was 2,063 in total, 47.2% of that of residential buildings, falling for the first time to under 50% since the launch of Beijing’s local rules to control the real estate market.
+ According to Zhang Yue, chief analyst of Beijing Homelink Real Estate Co., Ltd., the supply of commercial properties is soaring but the trading volume is low, excess supply is likely to show in the future.
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