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Cool housing market persists in China

Posted on 04 October 2012

In October, a month usually known for a boom in housing sales, the prospects of the real estate market in China are dim as consumers adopt a wait-and-see attitude. At a sales section of a residential property named Vanke Lan in Fengtai district of Beijing, a woman surnamed Chen inquired the prices and shook her head when asked about her purchase intention.
“House price are still higher than I expected,” she said. “Given the fact that the interest rates of bank loans are not that attractive, I will not buy an apartment right away.”……………………………………….Full Article: Source


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