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Beijing’s Commercial Housing Sales at Ten-Year Low, Average Price Grows 6.8% YoY

Source:Caijing, ChinaScope Financial (Data)
+   According to the data released by related government agency in Beijing, 8.19 million square meters of residential properties developed in commercialized model have been sold this year in Beijing.
+   The average transaction price of commodity housing in Beijing this year is RMB 21,395 per square meter, up 6.8% year-on-year.
+   The total floor spaces sold throughout the year in Beijing is expected to be 9 million square meters, 2 million square meters less than that of 2008, the lowest in the past ten years.