Chinese Begin to Predict End of Housing Price Rise

Reuters: China Resources Land says top cities may take steps to steady housing market
State-backed property developer China Resources Land Ltd on Monday said local governments in the country's top-tier cities may introduce partial short-term tightening measures to tame an overheating housing market.

iFeng: 全国楼市“高烧”将退 暴涨城市房价或将回落
First-tier city home prices may fall

Cause I love my family group vice president Hu Jinghui analysis, in February the central fiscal policy, monetary policy, two-pronged approach, the continuous introduction of a number of favorable policies from many down payment, interest rate, deed tax, business tax and other property for the property market, especially second and third tier cities, effective stimulated the demand for property, boosted market confidence, so in February new home prices have more second and third tier cities turned up by the fall, the national new homes property market, the overall trend of recovery, while second-hand housing market is more mature and cities some second-tier cities in the second-hand housing prices are rising.

Hu Jinghui said that in February prices continued to rise at the same time, we should also see housing prices in Shenzhen vanguard of new and existing homes, home prices began to fall than rise, indicating that some time ago soaring prices of cities, especially in Shenzhen being taken curb speculative investment, curb housing prices move has been noticed. Expects the future with the further withdrawal of investors, the Shenzhen property market will be the first cool down, prices finished lower, or will, immediately after Shenzhen, housing prices in Shanghai, Beijing, Guangzhou and other first-tier and second-tier cities focus will gradually stabilize, and some pre-Rate regional soaring, housing prices may pullback.

SCMP: A chill descends over Shenzhen’s formerly red-hot housing market
Total transactions by area in the nation’s most expensive city decreased 24 per cent to 89,400 square metres last week over the prior week, and fell 10 per cent year on year, according to China Index Academy. That compares to at least 25 per cent year on year growth in three other first-tier cities of Beijing, Shanghai and Guangzhou.

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