Cross-posted from Investing in Chinese Stocks.
A new report from the Sharpen Research Institute predicts prices will rise in first tier cities and fall in second- and third-tier cities. An index is used, where 100 represents no expected price increase. Numbers above 100 indicates expected price increases, below 100 expected price declines.
In the top ten cities in the focus of the survey, Beijing (101.49), Shanghai (113.97), Guangzhou (102.91), Shenzhen (117.02) and other cities housing prices were above 100. Tianjin (97.08), Wuhan (84.34), Chengdu (83.52), Chongqing (82.85), Suzhou (82.04), Hangzhou (71.75) and other cities are less than 100.The overall survey’s number was 87.86:
