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Home Prices in China to Decline Starting From September, BNP Paribas Says
By Bloomberg News - document.write(dateFormat(new Date(1283476165000),"mmm d, yyyy h:MM TT Z"));Sep 3, 2010 9:09 AM GMT+0800
China’s home prices will decline from this month as the government maintains its lending curbs and increases the supply of public housing, forcing property developers to cut prices to boost sales, BNP Paribas said.
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‘Very Big Bubble’
The property market is in a “very big bubble” that may last until the government increases interest rates and introduces a real-estate tax to curb prices, StarRock Investment Management’s investment director Jiang Hui said yesterday in Shanghai.
Vice Premier Li Keqiang urged local officials to further consolidate the results of the government’s curbs on speculation and to increase housing supply, according to an Aug. 21 statement on the government’s website.
Home Prices in China to Decline Starting From September, BNP Paribas Says
By Bloomberg News - document.write(dateFormat(new Date(1283476165000),"mmm d, yyyy h:MM TT Z"));Sep 3, 2010 9:09 AM GMT+0800
China’s home prices will decline from this month as the government maintains its lending curbs and increases the supply of public housing, forcing property developers to cut prices to boost sales, BNP Paribas said.
..
‘Very Big Bubble’
The property market is in a “very big bubble” that may last until the government increases interest rates and introduces a real-estate tax to curb prices, StarRock Investment Management’s investment director Jiang Hui said yesterday in Shanghai.
Vice Premier Li Keqiang urged local officials to further consolidate the results of the government’s curbs on speculation and to increase housing supply, according to an Aug. 21 statement on the government’s website.
http://www.bloomberg...ribas-says.html
