10 Jan '17, 10am

China home prices, property investment set to rise

Home prices in major Chinese cities are expected to increase this year due to further yuan depreciation and US rate hikes. (Photo: Wikimedia Commons) Average home prices in China are projected to increase by 4.1 percent year-on-year to 7,435 yuan (S$1,544) per sq m in 2017, while property investment could grow by 5.4 percent year-on-year to 10.6 trillion yuan (S$2.2 trillion), reported Reuters , citing a state-owned newspaper report. Concerns of property bubbles emerged last year after China registered wild spurts in property prices, especially in the biggest cities, forcing authorities to roll-out cooling measures in over 24 cities. “Provided current policies don’t change, people will still expect home prices to rise in 2017, due to expectations of further yuan depreciation and more US rate hikes,” said the Economic Daily , citing the Chinese Academy of Sciences. However,...

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China home prices, property investment set to rise

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