Sellers of second-hand homes in Qingdao city in Shandong province are aggressively lowering their prices to stay competitive. Above, Qingdao in a photograph taken in 2014. Photo: EPA

China’s property bull run in smaller cities may be tiring out as curbs to tame home prices bite

‘Developers and sellers are no longer setting aggressive prices and the market is starting to cool down,’ said Samuel Wong, research associate director at property agency Midland Realty.

Topic |   China property

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Sellers of second-hand homes in Qingdao city in Shandong province are aggressively lowering their prices to stay competitive. Above, Qingdao in a photograph taken in 2014. Photo: EPA
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