Shanghai and Beijing property to fall

CLSA''s head of property predicts residential price declines of 25% to 30% over two years.

Governments are incapable of fine tuning property markets, warns John Saunders, head of property research at brokerage CLSA. Recent government efforts to dampen the market in Beijing, provincial cities and especially Shanghai will inevitably lead to a much sharper downturn than the government intended, he says.

Shanghai, which has seen the sharpest property rises in the past five years, is likely to go down 30% over the next two years, compared to 20% in Beijing....

To continue reading, please login or register for free

Click for more on: shanghai | beijing | property | fall

Print Edition

FinanceAsia Print Edition