Caixin OnlineFinance & EconomicsTop Stories Finance Triple Whammy Hitting Property Market, Investment Banker Says
05.16.2014 17:13

Triple Whammy Hitting Property Market, Investment Banker Says

Aging population, rising prices and oversupply causing slowdown, says Goldman Sachs executive, who warns urbanization won't save the day
By staff reporter Yu Hairong

(Beijing) – An investment banker has blamed the recent slowdown in China's property market on the triple whammy of a graying population, high prices and oversupply – and he says urbanization won't ride to the rescue.

The comments by Ha Jiming, Goldman Sachs vice chairman for China, come amid debate over whether the property market has reached a tipping point after years of soaring prices.

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