Economist: Property oversupply to be digested at most within 2 years

Realty | Lan Lan

China's all-important property sector is expected to return to normal in two years, said a leading economist.

The average price of a new home in 100 cities tracked by the China Index Academy was 0.92 percent lower in September compared with the previous month, the fifth straight monthly decline, according to the firm, a subsidiary of real estate portal SouFun Holdings Ltd.