Used property sales bounce back after tax induced slump

Beijing's second-hand housing market appears to be witnessing a revival, after a lengthy low caused by a strict tax policy.

As many as 1,007 units were traded yesterday, of which 968 were residential apartments, according to www.bjfdc.gov.cn, an official website associated with Beijing Municipal Commission of Housing and Urban-Rural Development, which records all housing purchases in the city.

This continued a high run of sales that started Tuesday, when 1,142 apartments were traded - the first day the number had broken 1,000 in the new lunar year.