15 Mar '13, 8am

China gets new leaders, but same problems | | PropertyGuru | #China

Mar 15, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Nikki De Guzman : Despite more stringent efforts by China's outgoing government, recurrent issues in the property market will be inherited by the country's new leaders, reported Bloomberg . Existing leaders rolled out their last attempt to cool the market on 1 March, but the measures took its toll on stocks. And while property curbs introduced last year have been successful, home prices rose after the central bank cut interest rates to reverse the economic slowdown. With property accounting for a significant portion of China's GDP, and some cities relying on land sales for revenue, its leaders are left with the dilemma of balancing efforts in keeping home prices affordable for ordinary Chinese while mitigating potential effects to the economy. Nicholas Consonery, Asia analyst at New York-based ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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