25 May 2019

Think tank sees home prices peaking in major cities, Xinhua says

Home prices in major Chinese cities are expected to peak in the first quarter next year, the official Xinhua news agency reported Wednesday, citing a study by the Chinese Academy of Social Sciences. Third and fourth-tier cities may see a fall in home prices as sales continue to stagnate but the government-backed think tank ruled out a crash in the property market, the report said.

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