Housing projects get icy reception

A chilly market has drawn newly launched housing projects in Beijing into a deep freeze, with several seeing no sales so far this month.

A mere eight residential projects were launched in June, and, of those, five have yet to make any sales as of Tuesday, according to the Beijing Real Estate Transaction and Management Website.

The projects offered 2,546 housing units across the capital, but only 31 apartments were sold in the first three weeks of June, accounting for 1.2 percent of the total available.