Guangzhou property investments slide

GUANGZHOU: People who bought apartments here over the past few years have seen the value of their investments slump, and they believe there is worse to come, a survey has found.

Of the 1,600 recent homebuyers polled by the Guangdong provincial research and study center, 70 percent said they think apartment prices will fall this year, with more than 17 percent anticipating a "big" drop.

In March, the average price of a new apartment in Guangzhou was 9,316 yuan ($1,330) per square meter, up 0.1 percent on February.