Housing prices to diverge

Home prices in China will experience greater regional divergence in 2014, with an increasing risk of price declines in smaller cities, industry experts said.

"It's a time of further divergence in China's real estate sector, whether in cities, enterprises or products," said Gu Yunchang, deputy head of the China Real Estate and Housing Research Association.

Marked regional divergences intensified in 2013 as prices rose, which was very different from the housing boom in 2009-2010.