28.05.2010 - China: Housing rush shows no sign of abating
From Cens.com: For all the government`s efforts to check its advance, the bull appears to continue raging the realty market, as outstanding construction loans, mainly for funding realty development projects, hit NT$1.095 trillion and outstanding home loans topped NT$4.967 trillion in April, both record highs, according to statistics released by the Central Bank of China. Banking managers remarked that the realty boom will last for a while, as low interest rates have encouraged people to purchase houses and realty developers to roll out new projects..............................................Full Article: Source
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