All the first-tier cities like Shanghai and Beijing saw their price hikes slow, but they are still higher than before.

FORBES: China Housing Bubble Cools, But Prices Still Higher

Wu is looking to second-tier cities such as Yantai, Wuxi and Changzhou for growth as first-tier cities such as Beijing mature.

FORBES: Wu Yajun & family

Real estate prices extended their rally in 62 out of 70 Chinese cities last month, with first-tier cities leading the gains, the National Bureau of Statistics (NBS) said Monday.

FORBES: China Housing Bubble Up, Up And Away

Real estate prices extended their rally in 62 out of 70 Chinese cities last month, with first-tier cities leading the gains, the National Bureau of Statistics (NBS) said on March 18.

FORBES: China Takes Another Stab At Housing Bubble

"Local governments are also keener to support e-commerce retailers, which contributes to higher employment and meaningful tax revenue for the city, " said Mr. Shen, adding that the company plans to expand further in first-tier cities such as Beijing, Shanghai and Guangzhou, where it currently has a presence, and into second-tier cities such as Chongqing and Chengdu.

WSJ: Investors Target Logistics Property in China

We are looking at first- and second-tier cities and maybe will open one to two stores per year.

FORBES: A Chat With Yuwadee Chirathivat

Prices will decline more in the city's fringe areas but not so much in the centers of first- and second-tier cities, he added.

WSJ: China Developers Expect Property Prices to Fall

Growth in property transactions in tier-one and major tier-two cities has moved into positive territory for the first time since the summer.

WSJ: Heard on the Street: No Springtime for China's Property Sector

China's tier-one and -two cities got hit first by strict government controls.

WSJ: Heard on the Street: No Springtime for China's Property Sector