A residential construction site in Beijing. China’s property market has deteriorated after policymakers and monetary authorities moved to cool the speculative fervour that has underpinned it. Photo: Reuters
A residential construction site in Beijing. China’s property market has deteriorated after policymakers and monetary authorities moved to cool the speculative fervour that has underpinned it. Photo: Reuters

China’s new home prices continue downward spiral, as sector swings from ‘overheated to over-cooled’

  • The average price for 70 cities tracked by the National Bureau of Statistics in November recorded its sharpest decline since February 2015
  • China’s property market has ‘gone from overheated to over-cooled’, analyst says

Topic |   China property
A residential construction site in Beijing. China’s property market has deteriorated after policymakers and monetary authorities moved to cool the speculative fervour that has underpinned it. Photo: Reuters
A residential construction site in Beijing. China’s property market has deteriorated after policymakers and monetary authorities moved to cool the speculative fervour that has underpinned it. Photo: Reuters
READ FULL ARTICLE