Nation's property sector remains robust

Experts said the Spring Festival holiday was the major factor behind the significant drop in property sales performance nationwide in the first month of 2019 and did not necessarily represent a negative market trend for the industry.

According to Centaline Property Agency's research, in January property sales declined by 38 percent year-on-year in the first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen.

Among the four cities, Guangzhou saw the most dramatic decrease of 65 percent year-on-year, followed by Beijing, where home sales dropped by over 40 percent.