Housing sales fall over May Day break

Property sales fell by more than 30 percent in major cities during the May Day holiday compared with the same period last year, according to property agency Centaline Group.

This holiday period used to see brisk transactions.

Dragged down by the first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen, 9,887 apartments were sold in transactions in the country's 54 major cities, a drop of 32.5 percent from last year.