China Residential market: Transaction volumes to fall while prices remain stable
Michael Klibaner, Head of Research, Jones Lang LaSalle China

With the new nationwide policies issued by the Central government to tighten further the restrictions on the residential market, home buyers are likely to again adopt a “wait and see” attitude. Transaction volumes are expected to fall significantly in the next three months, however the prices will remain stable. In a medium term, the new policies will continue through 2011. Meanwhile home prices across China will fall only slowly.