shortterm-outlook-for-china-property-market-is-positive

Short-term outlook for China property market is positive

The China property market should continue to grow in 2010 although both buyers and developers will be more cautious, according to CCB International.

After an unprecedented 2009 in which the Chinese property market was driven to historical highs, raising concerns of a bubble, this year growth is expected to be more rational and reasonable, CCB International, a subsidiary of China Construction Bank, predicted recently in an exclusive interview with FinanceAsia.

In the short run, residential property prices in China could move higher due to the demand-supply imbalance. CCB International notes that residential property inventory levels have generally been maintained at six to 10 months. However, the current property supply levels in Hangzhou and Shenzhen stands at three to four months, while in Shanghai it is even lower, at two to three months. This, according...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222