Thursday, March 15, 2012

China property: reaching a bottom

Business Times: Tue, Mar 13
THE clouds might soon be lifted over China's real estate market after several months of price pressures triggered by the government's rigorous cooling efforts. A bounce in February's month-on-month property sales numbers suggest a bottom might soon be near.

According to Soufun, the leading real estate Internet portal in China, February's sales volumes in Chinese key cities were encouraging, rebounding 63 per cent month on month or 24 per cent year on year...

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