BEIJING, June 4 (Xinhua) -- The transaction volume of second-hand homes in Beijing reached 18,096 in May, hitting the highest in 14 months, the Xinhua-run Shanghai Securities News reported on June 4.
However, insiders noted that China’s second-hand home market is hard to see a major upturn in the future, as home buyers will have more choice in the first-home market due to the continuous control of home prices and the development of joint ownership homes.
(Edited by Yang Yifan, yangyifan@xinhua.org)
A single purchase
