Treaty of Nanking

Prices set to fall

PUBLISHED : Friday, 03 February, 2012, 12:00am
UPDATED : Friday, 03 February, 2012, 12:00am

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The mainland market is expected to see more transactions but weaker prices this year, according to the China division of Midland Properties. In Beijing, tightening policies last year resulted in a 26 per cent drop in firsthand transactions and a 37 per cent tumble in secondhand homes, while Shanghai and Guangzhou both saw small increases. Government figures showed total commercial housing sold was 970 million square metres, up 8 per cent.