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First-tier Home Prices Could Bottom This Year - Advisor

CHINA PRESS
MNI (Singapore)

Home prices in first-tier cities including Beijing, Shanghai, Guangzhou and Shenzhen are likely to hit bottom and stabilise this year, said Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua University. Li believes home prices must continue to adjust and let the market mechanism repair itself. Wang Qing, chief macro analyst at Golden Credit Rating said the market may stabilise and rebound in H2, and the sector is expected to end the three-year adjustment period if policies provide strong enough support. (Source: 21st Century Business Herald)

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