Shen­zhen home prices de­cline

China Daily (Hong Kong) - - BUSINESS -

The price of new homes in Shen­zhen fell for a ninth con­sec­u­tive month in June as price con­trol mea­sures con­tin­ued to weigh on the prop­erty mar­ket. The av­er­age price in the south­ern city neigh­bor­ing Hong Kong, stood at 54,492 yuan ($8,038) per square me­ter, down 0.04 per­cent month-on-month and 11.8 per­cent year-on-year, ac­cord­ing to the Shen­zhen Municipal Plan­ning and Land Re­sources Com­mis­sion. The de­cline in prices, how­ever, boosted sales month-on-month, as many

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