China’s hot property market needs work

For Ren Rong, Harvest Real Estate Investments' CEO, the industry would be better if it was more institutionalised.

The current state of China’s property market still looks risky to investors.

Although the authorities continue to take measures aimed at curbing house prices, the most recent reportedly being a price cap on new house sales, Beijing's November land auction resulted in developers buying five land parcels at record-high prices.

New house prices across China’s 50 major cities rose in January on average for a 20th consecutive month, data from the National Bureau of Statistics of China shows, and there appears to be little let-up on the horizon. A Moody’s January 28 report expects property price increases across China’s 70 major cities in 2014, albeit...

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