China Easing Home Loans No Panacea for Sliding Market

Zhou Bingguo expected to find a few buyers for the 20 apartments for sale next to Beijing’s Central Business District in the first week of October, he said. It was the Golden Week holiday, traditionally a peak time for homes sales, and China had just eased mortgage restrictions.

“Quite a few people visited, but nobody bought,” said Zhou, a consultant in the asset management department of CBD Private Castle, a residential project. “People are still waiting for prices to fall.”