Shenzen property transaction prices, near Hong Kong, continue to plummet.
Note that this figure relates to transaction prices, so there could be a mix issue affecting the number, whereby a higher volume of lower-prices units are selling.
The average transaction prices of new homes in Shenzhen fell 10.63 per cent month-on-month to 16,978 yuan per square meter in June, reports secutimes.com.
According to the report, this was the second consecutive month in which housing prices fell month-on-month.
Compared to the same period a year ago, the average transaction prices of new homes in Shenzhen rose 19.59 per cent.