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Due to the Spring Festival, the first quarter is usually a flat season for property transactions. Sales of new residential apartments in the capital stood at 414,000 square meters, a quarter-on-quarter decrease of 35.8 percent and a year-on-year decrease of 50.4 percent, according to Savills, a UK-based property consulting company.
Due to the broad efforts, both investment and sales in China's property sector slowed in the first 11 months. Real estate investment rose 7.5 percent year-on-year during January-November period, down from 7.8 percent in the first 10 months.
Driving in her imported SUV Volkswagen Touareg, which cost 800,000 yuan (more than 5,000), Li Shuang has made long road trips from Beijing to Southwest China's Tibet autonomous region four times since 2014.
Due to seasonal factors such as the holiday, property developers have also slowed down the pace of releasing new properties. For example, in January only around 1,800 new houses were put on the market in Shanghai, compared to 9,000 in December.
Due to the epidemic, the rating-based system is now covering a wider range of firms, which doubled the number of eligible ones, with a total 50,000 small and micro businesses in the hard-hit Hubei province fitting into the qualifications.
来源：资阳报