Holiday home sales push higher than last festival

Home sales during the three-day Mid-Autumn Festival holiday were higher than on other holidays this year but were still down from the same period last year, Centaline Property Agency Ltd said on Tuesday.

A total of 110,000 units were sold during the holiday starting Saturday in the country's 54 leading cities, down 15 percent from the same period last year. The number was higher than during the previous three-day holiday - the Dragon Boat Festival in June - indicating that the property market may be gaining momentum.

Chinese homebuyers traditionally tend to strike deals on holidays, and September and October have been the two hottest months for home sales.