SHANGHAI: China’s home prices increased in August but at a slower pace as regulatory measures continue to rein in and stabilise the disorderly market. So, major cities are expected to see limited room for growth in home prices, industry experts said.
In August, home prices in 70 Chinese major cities either grew marginally or edged down, both in year-on-year and month-on-month terms, suggesting the long-term nature of tightening rules continues to have the desired effect at local levels, said Sheng Guoqing, chief statistician with the National Bureau of Statistics (NBS).
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