Property News · September 25, 2016

Risks of property bubble growing in China with policy options running out


Risks of a property bubble are growing in mainland China’s major cities, observers say.
New home prices have risen more than 30 per cent year on year among first-tier and a few second-tier cities. In August, Xiamen, a coastal city on the mainland side of the Taiwan Strait, saw new home prices rose 44 per cent. Similar increases were also seen in Hefei, Nanjing Shenzhen, Shanghai, Beijing and Tianjin.
It’s abnormal especially when the economy is facing downward pressure and corporate…

Source : South China Morning Post
Read more…Risks of property bubble growing in China with policy options running out

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