- 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.
"In coming quarters, we could see the self-strengthening circle between lower sales and falling prices" in China's housing market, said an analyst.
Eyewitness? Submit your stories now via social or: