UBS Wealth Management is concerned about rapid price rises and lack of affordability in top tier markets.

China’s real estate market is probably one of the largest asset classes globally, aggregating more than USD 20 trillion in market value (as of 2014) based on government estimates. From a global market perspective, it is an important sector to watch. Housing prices in tier-1 and certain tier-2 Chinese cities soared 27% year-on-year in July and 28% year-on-year August, marking the second bout of housing fever this year.

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