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China’s squeeze on property market declining

Posted on 26 September 2011

The squeeze on China’s property market may be reaching a “tipping point” that drives growth lower just when exports are under threat from a global slowdown and investor confidence is plunging, Hong Kong-based Chief China Economist at Nomura Holdings Incorporated, Zhang Zhiwei said.
Bloomberg reported that land transactions in 133 cities tracked by Soufun Holdings Limited, the country’s biggest real-estate website, fell by 14 per cent by area in August from a month earlier. Prices of new homes declined in 16 of 70 cities last month compared with July, according to government data……………………………………….Full Article: Source

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