Caixin
Nov 15, 2018 08:15 PM
ECONOMY

Property Market Continues to Cool in October

A real estate development building is seen under construction in Huaian, Jiangsu province, on Oct. 18. Photo: VCG
A real estate development building is seen under construction in Huaian, Jiangsu province, on Oct. 18. Photo: VCG

* New-home prices in China’s four first-tier cities remained flat month-on-month in October, while growth rate for existing homes declined slightly

* Analysts said the stronger growth in third-tier cities will eventually weaken, as the government will eventually have to ease off on investment-led shantytown redevelopment projects

(Beijing) — China’s property market showed few signs of warming in October, with home-price growth slowing from the previous month in major cities, and analysts predicting the policy lending that has supported stronger growth in smaller cities will eventually come to an end.

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