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October 22, the Beijing Bureau of Statistics released the first three quarters of the real estate market data, as of September, residential sales in Beijing area of 1.186 million square meters, down from August to 29.6%, a decline of 29.7% than July. The month's residential sales were 9,000 sets, down 37.4% from August, and volume reached its lowest level since March this year.　　The reason for the big decline in home sales is a big reduction in supply: This 1-September, Beijing's new house starts to 11.691 million square meters, down 22.4% year-on-year. Almost at the same time, Minsheng Bank real Estate finance division issued the "...

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