Recent measures by the Chinese government to curb speculative housing market and control housing prices have produced results. Housing prices in major Chinese cities like Beijing and Shanghai have showed signs of decline. Some property developers have voluntarily offered discounts for new projects, such as Sino-Ocean Property slashed its price up to 17% for the second phase of Bei Run Yuan project in Beijing, while Zhonghai Yujing Xian project located in Shanghai has dropped its price from 250,000 yuan to 200,000 yuan per square meter.

Source
China Securities Journal
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