Beijing housing inventory hits 110,000
Updated: 2011-09-05 17:13
By Sun Yuanqing (chinadaily.com.cn)
Beijing’s housing inventory rose to 110,000 units on Sep 2, on sagging sales and new property projects, the financial news website caijing.com reported.
According to the current transaction volume, it will take 20 months to consume the 110,000 units.
The transaction volume in Beijing last month totaled 13,664 units, about 30 percent less than the same period last year and 23 percent less than last month.
By Sun Yuanqing