That Hissing? A Property Bubble's Slow Leak

By Andy Xie

China's property bubble has peaked. Prices in Tier I cities are unlikely to reclaim the heights seen late last year in places such as Shanghai, or during this year's first half in Beijing and Shenzhen.

True, prices in some Tier II and Tier III cities may rise to new highs, mirroring the froth evident on the ChiNext exchange, at a time when China's main board is down 60 percent from peak.

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