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China's Property Sales Prices Fall in April; First-Tier Cities Down 2.1%, Third-Tier Down 4.1%

GateNews

According to the National Bureau of Statistics, new residential property sales prices in April declined year-over-year across all tier cities. First-tier cities saw a 2.1% decline, with Shanghai up 3.7% while Beijing, Guangzhou, and Shenzhen fell 2.3%, 4.4%, and 5.3% respectively. Second-tier cities declined 3.3%, while third-tier cities dropped 4.1%.

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