Shanghai Homes Sales Plunge After Curbs to Quell Prices: Chart

Shanghai officials, trying to stem a surge in property prices, can breathe easier. Home sales in China’s financial hub tumbled 60 percent as measured by area in the week after the municipal government on March 25 unveiled a package of tightening measures, including stricter approval criteria for non-resident homebuyers and higher down-payment requirements for second homes. That was the biggest week-on-week drop since February last year.

— With assistance by Emma Dong

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