High-rise buildings under construction in Chongqing, southwest China. Photo: Xinhua High-rise buildings under construction in Chongqing, southwest China. Photo: Xinhua
High-rise buildings under construction in Chongqing, southwest China. Photo: Xinhua
China property

Chinese developers under pressure to lower prices at new projects, says Longfor CEO Shao Mingxiao

Shao Mingxiao says life is becoming tougher for builders after a slew of government measures to take the heat out of the market

He believes the government will ensure home prices slip gradually rather than collapse

    Topic |   China property
    High-rise buildings under construction in Chongqing, southwest China. Photo: Xinhua High-rise buildings under construction in Chongqing, southwest China. Photo: Xinhua
    High-rise buildings under construction in Chongqing, southwest China. Photo: Xinhua
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