• China started a shanty town renovation program in 2015 in an effort to drive home sales in lower-tier cities, helping lift the country's property values over the past few years.
  • To calm the red-hot housing market, the central government applied a series of measures to punish speculators, such as setting higher down-payment ratios and mortgage restrictions.
  • The Chinese government has continued to tighten property controls amid a slowdown in the economy, and 2019 could be a year of softening housing data, an analyst said.