China’s real estate sector is likely to experience the harshest time in the coming 12 months as tightening measures in the industry move close to a periodic end recently, Hong Kong’s Finet reported, quoting Citi Group.

» Analysts with Citi Group are expecting the average housing prices to decline by 10 to 15 percent from the current level while housing demands persist against un-foreseen loosening of housing policies.

» China’s new measures to control its property market have hit smaller Chinese cities. More cities in the country are likely to join the restriction list of home purchasing.

Source:caijing