Prices set to fall

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

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.

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Prices set to fall

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