Shanghai housing market to rebound in 2018

The residential housing market in Shanghai continued to contract due to limited supplies and lending restrictions during the fourth quarter of 2017, according to data from JLL, a realty services provider.

The mass housing market and the luxury segment in the city recorded drops of 47 percent and 80 percent respectively on a yearly basis, it said. However, analysts expected the overall housing market in Shanghai to rebound slightly in 2018.

Though the monetary policy will continue to remain tight, developers are likely to accelerate new launches in 2018 to ease the rising cash flow pressures.