Shenzhen home prices decline

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