The May Day Golden Week used to be one of the peak seasons for real estate sales in China. However, this year’s May Day holiday saw extremely quiet sales in property sales offices and second-hand housing transaction venues, with very few transactions taking place. Even first-tier cities like Beijing and Shanghai were no exception. For example, Beijing’s newly signed contracts for commercial residential properties were only 114 units, with a transaction area of only 14,000 square meters. This represents a de
