sharon sanders
Editor-in-Chief & President
snip
One problem is already clear: an asset bubble in China?s red hot real estate sector. Despite Beijing?s announcements that it will take measures to cool growth (in part by extending the period of a resale tax from two to five years), many expect real estate prices to keep on soaring. November saw 5.7% growth in real estate prices across 70 major cities ? the fastest since July 2008 - and even China?s top developers are warning of price bubbles in cities like Shanghai, Shenzhen and Beijing. China is facing ?excessive growth in home prices in some cities,? which the government will take action against, the official Xinhua news agency reported yesterday.
more....
http://www.businessweek.com/globalbiz/blog/eyeonasia/archives/2009/12/more_impressive.html
One problem is already clear: an asset bubble in China?s red hot real estate sector. Despite Beijing?s announcements that it will take measures to cool growth (in part by extending the period of a resale tax from two to five years), many expect real estate prices to keep on soaring. November saw 5.7% growth in real estate prices across 70 major cities ? the fastest since July 2008 - and even China?s top developers are warning of price bubbles in cities like Shanghai, Shenzhen and Beijing. China is facing ?excessive growth in home prices in some cities,? which the government will take action against, the official Xinhua news agency reported yesterday.
more....
http://www.businessweek.com/globalbiz/blog/eyeonasia/archives/2009/12/more_impressive.html