China’s property sites suffer under cooling measures

20 Jun 2017

With cooling measures being implemented at the national and municipal level simultaneously, China’s previously overheated housing market in China has in the meantime gone into freefall, with some municipalities recording monthly year-on-year falls in new-home sales of up to 70 percent. Responding to the measures after their announcement last September, classifieds giant 58.com (NYSE: WUBA) foresaw the coming impact on the market correctly when it…

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Tom Marling

Tom is a PhD candidate in Chinese History at Hong Kong Baptist University, and former PR consultant in Mainland China. He joined the AIM Group in 2016 as a writer/analyst.