July 7, 2006 | ShanghaiDaily | THE growth in average prices for residential properties in China’s mainland will slow to below 5 percent over the next two years, while Shanghai’s housing prices are likely to drop further by 15 percent, an industry report forecast yesterday.
As a result of the changes in the supply structure, average prices are expected to exhibit a marked weakening or even a fall in the coming years, given the increased weighting of smaller-sized and lower-priced sectors, said a report by Citic Ka Wah Bank Limited.
