Housing Market at 'Tipping Point' This Year, Analyst Says

(Beijing) – China's housing market has reached a tipping point and transaction volumes will begin to shrink, an analyst with Hong Kong-based brokerage and investment group CLSA Asia-Pacific Markets said on May 12.

"We really think this year is a tipping point for the industry," Wang Yan, director of the CLSA's property research department, said. "From 2013 to 2020, we expect the sales volume of the country's property market to shrink by 36 percent."