A radical shift has occurred in China’s real estate market in recent years as investors and developers have increasingly targeted second-tier cities, a new report by Jones Lang LaSalle shows. According to the report, Hangzhou, Chengdu, Changsha, and Dalian are the frontrunners in terms of residential development, the Economic Daily reported. In Dalian, average transaction prices have already surpassed US$1,332 (RMB10,000) per square meter in ...