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Farewell to 'golden era' of China's property sector

Market slowdown heralds end to Chinese's obsession with home ownership

COOLING DEMAND: After climbing at double-digit rates through most of 2013, housing prices in China started to cool in late 2013. The downturn continued in 2014 and spread to most major cities.


AFTER years of breath-taking expansion, China's property sector is finally cooling down. However, buying a house is still an unaffordable option for Lyu Haoran, a post-1990 graduate in the western city of Lanzhou.

Mr Lyu, 24, grew up during China's most prosperous decade.