Chinese real estate markets in various cities have diversified. Demand in first and second-tier cities is still huge, but that in third and fourth-tire markets seems weak. ANBOUND research team suggests that in third and fourth-tier cities, real estate market becomes weak. With aging population and population migration, this trend will continue. Due to the changes in the market, those real estate companies which entered third and fourth-tier cities because of property-purchasing limitations have already said clearly that they would return to first and second -tier cities.