China property market sees notable retreat in Oct
Updated: 2016-10-21 10:18
A woman talks with a salesman at a property market fair in Hangzhou, Zhejiang province.[Photo/China Daily]
Compared with September, the month-on-month price index for new residential property have all retreated in major first- and second-tier cities, according to the National Bureau of Statistics (NBS).
The cooling came as dozens of Chinese cities announced property curb policies over the week-long National Day holiday, including purchase limit and tightening mortgage restrictions, due to fears of asset bubbles.