More cities are expected to see a.......>

CHINA PRESS: More cities are expected to see a further fall pre-owned home

prices next year, the China Times reported, citing Zhang Dawei, chief analyst at

Centaline Property Agency.

- In November, 17 cities saw a decline in pre-owns, which are believed to better

reflect the market price, including four major cities -- Beijing, Shanghai,

Guangzhou and Shenzhen, decreasing 0.6%, 0.1%, 0.3% and 0.2% respectively from

October, the newspaper said citing data released by the National Bureau of

Statistics on Saturday.

- This will be a starting point of the downward trend, the newspaper said citing

Zhang.