The Chinese Academy of Social Sciences (CASS), a government think tank, believes that China's property prices in top-tier cities will cool in the second half of 2018, while the recent price surge in lower-tier cities is expected to slow down from the first half of this year. This is partly due to increased government curbs on buyers, and tighter monetary conditions. However, Ni Pengfei, a senior researcher with CASS, warned that China's property bubble remains "relatively big".
The Chinese Academy of Social Sciences (CASS), a government think tank, believes that China's property prices in top-tier cities will cool in the first half of this year, while the recent price surge in lower-tier cities is expected to slow down from the second half of 2018. This is partly due to increased government curbs on buyers, and tighter monetary conditions. However, Ni Pengfei, a senior researcher with CASS, warned that China's property bubble remains "relatively big".