Cities Without Tiers: Greater Bay Area vs Others

China Cities Without Tiers: The Greater Bay Area cities as a group enjoy the highest house price levels compared to other major groups of cities (see the chart on the left), even though the price growth has slowed down most since the policy tightening started in 2016 (chart on the right). The traditional breakdown of China Property into Tier-1, 2, 3 may no longer be that meaningful as other dimensions show much clearer differences – look at economic strength uncorrelated with the ‘Tier’, location (travel distance) vs economic clusters.

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