26.08.2011 - Is China's property market getting hotter or colder?
It has been more than six months since China announced its "New Eight Policies" aimed at cooling the property market. What is the effect so far of the government's bid to pull down prices and ease demand for homes? "I need cash rather than keep a house”, "Cheaper than Cabbage”, "Big, Big Discount if You Ask for It” -- these are some of the advertisements posted outside a property agency in Wenzhou by owners who want to sell their units. Scores of people in the city want to sell their houses as quickly as possible..............................................Full Article: Source
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