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Experts confident on real estate in China [Copy link] 中文

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Post time 2016-3-10 10:18:06 |Display all floors
Despite recent suggestions that China's property market is overheating into a bubble, analysts still said they have confidence in the sector.
According to a research note by strategists at Haitong Securities Co, the market is more of an "irrational exuberance", based on their experiences of previous boom and busts in Japan and the United States.
Driven by the influx of capital, labor and resources ...

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Post time 2016-3-10 10:18:07 |Display all floors
In real estate, China's problem is not overbuilt nor overcapacity, but rather mismatch. Mismatch in terms of prices, locations, sizes etc. is the real problem. Local authorities must be realistic on their wishes and expectations. For example, in some third tier areas, real estate developments must match the needs in the area in terms of family size, income levels, infrastructure conditions etc., in order to be successful. Promoting luxury flats in these areas are simply not realistic, creating only ghost towns. This has been the problem for some local authorities in the rush to increase GDP. China's real estate market has a long way to go and a bright future with her huge population. The key is to match supply to demand.

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