China’s residential market sales fell again in November, suggesting the property sector still has some ways to go before it can show a sustained recovery.
The value of new home sales from the 100 biggest real estate companies dropped 6.9% from a year earlier to 363 billion yuan ($50 billion), reversing a 7.1% gain in October, according to preliminary data from China Real Estate Information Corp. Sales declined 16.6% from the previous month.
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