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China Slowing down?

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Adam View Drop Down
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    Posted: 31 May 2008 at 4:18pm

Chinas rapid property growth is showing signs that it may be about to slow down, the Chinese Academy of Social Sciences has claimed.

According to Xinhua news agency, the pace of property price growth in 2008 is expected to slow but will stop short of going into reverse.

It is claimed in an annual report on the real estate sector, that the reduction in growth will be felt across the country and that prices rises will eventually settle far below that of last year.

The drop off in growth is believed to be in part due to a range of initiatives implemented by the Chinese government in an attempt to reduce speculation.

The moves have been taken to hopefully gradually restore rationality to real estate demand.

The property prices rose 10.7% year-on-year in March, compared with 10.9% growth in February.

 
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awahee123 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote awahee123 Quote  Post ReplyReply Direct Link To This Post Posted: 08 Aug 2008 at 3:46pm

The property market has definitely slowed down in China as a whole
The prices are too high so buyers have decided to wait as prices start to tumble.
All the previous popular locations are struggling as buyers stay away.

Real estate agents are hopeful of an upturn in the coming months.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote majidpucit123 Quote  Post ReplyReply Direct Link To This Post Posted: 08 Sep 2008 at 5:56am

Chinese property developers, hard-pressed by falling sales and tightening credit, have never waited for "Golden September and Silver October", the traditional hot season for the property market, this anxiously.But they are likely to be disappointed this year as there is no sign of any recovery in the sector because of a glut and stricter credit controls, experts say.The soaring supply in September, including a large number of low-cost units, will be partly responsible for blocking the chances of any market rebound in Beijing.There will be nine low-cost housing projects and 27,000 apartments entering the capital's property market before the end of October, with the average price being 4,000 yuan per sq m lower than the commercial ones."The sudden supply of so many low-cost units will definitely weigh on the sales of new commercial buildings," said Hu Jinghui, deputy general manager of www.5i5j.com, a website specializing in the pre-owned home market.According to Yahao Real Estate, a Beijing-based property brokerage firm, around 80 commercial residential projects will be put up for sale in September and October.Li Wenjie, general manager of Centaline China (North China region), said Beijing's property market may drop another 10 percent before the end of this year.The situation in Shanghai isn't much better either. Property prices have held steady there in the past months but are now showing signs of a meltdown.Vanke, the country's largest developer, launched a promotional campaign from Aug 30, with eight projects in Shanghai offering an average discount of 95 percent.

"But Shanghai's property prices are not likely to drop drastically because of the huge potential buying power," said Fu Qi, an ****yst with E-house Real Estate Research Institute. "In the following months, the transaction volume may gradually pick up, with the price fluctuating narrowly."

The government shows no signs of easing on the credit policy for real estate firms. At the end of August, the central bank, together with the China Banking Regulatory Commission, issued a notice requiring financial institutions to have stricter control over their loans to property developers and forbidding loans to meet land remise fees.

The dismal real estate outlook, on the other hand, may speed up a realignment in the industry. At a time when many property developers are struggling with a tighter cash flow, some that have followed a solid development strategy all along will easily tide over the low season.

"Because of our rich product line, we are not seriously hit by the market adjustment," said Gu Wei, spokesman for Longhu Real Estate Development Co Ltd, adding the company's sales exceeded 1,000 apartments every month from April to July.Other cash-rich companies have also intensified efforts to take over smaller rivals. SOHO China, for example, said on Sunday it would pay Zhong Ye Xin Ao Zheng Cheng Real Estate Development Co Ltd 890 million yuan for land-use rights at the Zhongguancun SOHO project, an office and retail complex in Beijing.

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Martin H View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Martin H Quote  Post ReplyReply Direct Link To This Post Posted: 15 Apr 2009 at 12:54pm
Yeah, its slowing down as a result of the decline in manufacturing/exports. My family run a manufacturing firm and they have noticed a definite slowdown. The people who are able to afford property are tightening their belts.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BullionBaron Quote  Post ReplyReply Direct Link To This Post Posted: 12 Jun 2011 at 11:10am
Australia's property bubble depends on China, and China is experiencing a real estate bubble bigger than any in the world, apart from Australia! By all measures (price/rent, price/income, dwellings/population) Australia's bubble is on a larger scale and even less sustainable that the China bubble! Like Australia, China is investing in pointless excessive infrastructure that nobody needs, including the huge oversupply of houses in Australia as demonstrated on AustralianPropertyForum.com. China is responsible for most recent global demand for commodities so when their bubble pops, Australia is doomed! China's collapse will seriously affect Australia and other countries benefiting from China demand. Coal and iron prices will plummet along with oil and other commodities. China's dramatic growth won't go on forever. Most people must realise by now Australia has an unsure future. Nobody knows exactly when the collapse will happen but there's no doubt it will happen sometime and the longer this bubble expands the worse the crash will be. China saved Australia during the GFC but when they fall over the effect on Australia will be devastating. History teaches us that diminishing resources and increasing demand always leads to disaster. China needs our resources and they might do whatever they can to secure them, even if it means war.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote chineart Quote  Post ReplyReply Direct Link To This Post Posted: 29 Jun 2011 at 8:18am

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Post Options Post Options   Thanks (0) Thanks(0)   Quote chineart Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jul 2011 at 3:03pm
 
 
 
Royal's Antique Furniture

 

WEB: http://www.easterncurio.com

 

--- occupy 500m2 square meter warehouse, focusing Chinese antique furniture, Make to Order furnitures, 1930 Shanghai Art Deco Furniture

--- run business Chinese antique furniture business 15 years in Shanghai, export 60 countries and regions, fluent in English. Of course, in Chinese

--- Free Delivery within Shanghai, or Pick up Freely by clients.

--- Resident outside of Shanghai city, Wooden Package/Truck Carrier way to ship to your door house Address, such as Chongqing, Beijing and other cities.

--- 40 minutes driving time from downtown Shanghai, close by Hongqiao Airport. Send SMS to 13901685220 for the directions.

--- export personal belongings for abroad residents lived in Shanghai

--- Chinese Furniture Hardware in Brass material, ship worldwide basis, online Ordering.Custom made Chinese furniture hardware

 

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Opening Time: 24 hours all day all time if appointment firstlythe reason, we born for furnitures and live on furniture.

Address : NO.4849 Beiqing Road,QingPu Region Shanghai China

BY APPOINTMENT ONLY. Please send SMS for the directions how to get here)

EMAIL: Shanghaifurniture@hotmail.com

ATTN: Mr. Royal Hsu

地址:中国上海市青浦区北青公路4849号(靠嘉松公路)

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Post Options Post Options   Thanks (0) Thanks(0)   Quote nitishdora Quote  Post ReplyReply Direct Link To This Post Posted: 27 Mar 2012 at 1:04pm
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