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Housing sales rebound predicted for China in 2013

Posted on 02 January 2013

Industry observers say China’s real estate sector is likely to pick up steam in 2013, as they expect increased housing sales due to growing market demand. The anticipation, which comes amid reports of rebounding home prices and increasing housing transactions in some cities, suggests future complications in the government’s campaign to rein in the country’s runaway housing prices.
Despite strict control measures, many large property developers have reported good sales and an improved financial situation in 2012, said Zhang Dawei, a marketing director with the Centaline Group, a Hong Kong-based real estate company………………………………………..Full Article: Source


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