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Shenzhen Real estate Plunge Forcast

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Sales of residential houses in the southern city of Shenzhen are forecast to plunge this year to the level 10 years ago as homebuyers and investors continue to adopt a wait-and-see attitude as prices nosedive.

"Prices are expected to drop another 10 per cent as some struggling small- and medium-sized real estate developers and speculators are selling properties for cheap to maintain cash flow," said Song Ding, a senior real estate analyst with China Development Institute.

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I can see the market going

I can see the market going down further but I don't think it would be until the level of 10 years ago. There should be a good number of people ready and waiting to buy apartments when the price is right. They will catch the market before it falls too low.

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