China Home Sales Fall 90% in First Week of February

According to Mingtiandi’s Asia Real Estate roundup, preliminary data shows that in 36 reporting mainland China cites, new apartment sales fell 90% in the first week of February, when compared to the same week a year ago. Sales of existing homes plummeted 91% in 8 cities where data is available, when compared to the same week a year ago. All the result of the spreading coronavirus.