Housing in China
China’s real estate market remains an anomaly even though it has charted exemplary growth in the last decade.
Shanghai, Beijing, Guangzhou and Shenzhen are among China’s Tier-I cities most sought after by foreign investors, given their high levels of urbanization, mature property markets and extensive supply of quality buildings.
In 4Q07, China’s real estate investment witnessed a slowdown following the implementation of the land appreciation tax as well as additional restrictions imposed on foreign investment in the sector.
So far, the government’s tightening policies have been successful in that prices have stabilized, while volumes have contracted.
Much, much more (in fact, a full report and survey) on this HERE.
Source: The Edge Daily
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