The amount of residential floor space sold in China last month fell 1.5 per cent from a year prior, marking the first such drop in two and half years.
The dip in monthly sales of 174.7m square meters from 177.3m in September 2016, calculated based on year-to-date figures released on Thursday by the National Bureau of Statistics, snaps a 30-month streak of year-on-year growth.
The drop represents payoff for policymakers in Beijing, who have spent much of 2017 limiting loans to home buyers and pushing local governments across the country to impose restrictions on property purchases in an attempt to cool down China’s overheated property market.
您已阅读51%（647字），剩余49%（614字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。