A research produced by
Following the announcement of a new round of regulatory policies including this year’s primary-home price-control targets, home-purchase restrictions and construction targets for affordable housing units there was an immediate impact on the residential market. In March 2011, most of the ten major Mainland cities recorded significant year-on-year falls in the total areas of primary residential sales transactions. New-home prices, adjusted by differences in property type, location, fittings and whether they were presale or completed units, fell 1.8% in March month on month the second consecutive month of decline and at a faster pace compared with February.
Source : Knight Frank
