Date
22 July 2018

Think-tank sees property risks in lower tier cities, paper says

The Development Research Centre of the State Council has warned about growing risks in the domestic property market, especially in the third- and fourth-tier cities, Beijing Business Today reported Wednesday. The advisory body said both land and housing supply remained tight in first-tier cities, driving prices higher. However, the situation in third- and fourth-tier cities is the opposite, sparking concerns about a bursting of real estate bubbles, it is reported to have said. 

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