Chinese Home Prices Still Under Supply Pressure in Most Cities

Wanda Group Chairman Wang Jianlin says a rapid increase in homes prices has no basis and no possibility because supply exceeds demand, unlike previously when demand outstripped supply.

With the policy blowing warm air frequency, in the first seven months, the national property market turnover rose significantly. The latest data released by the China Index Research Institute, July 2015, 100 cities nationwide average price of new homes rose three consecutive months. Experts say that while second-tier cities real estate market began to pick up, but the performance is not optimistic about the four-tier cities, the market is still showing the pattern of supply exceeding demand, destocking is still the top priority, the future price trend will stabilize.

iFeng: 王健林：整体看房价暴涨已不存在基础和可能