Housing prices 'to fall in Q4'
By Hu Yuanyuan and Cheng Yingqi | China Daily | Updated: 2010-07-06 07:57
Minister's remarks 'reflect govt's resolve to cool property market'
BEIJING - Property prices are likely to start falling in the last quarter of the year as tightening measures for the sector continue, officials and analysts have said.
Dropping sales volume and stagnant prices could lead to a deeper price slump in the market, Minister of Land and Resources Xu Shaoshi said on Sunday.
Photo