| The property market in the Chinese mainland has gone through the worst time, and both transaction volumes and prices are expected to pick up in the second half of 2012, Jing Ulrich, managing director and chairman of global markets, China at J.P. Morgan said in Hong Kong Wednesday.
Ulrich said during the "CFA Institute Asia Pacific Investment Conference" held on Wednesday that the developers in the Chinese mainland has about 12 to 14 months of unsold inventory, with the transaction volumes early on having crashed by about 50 to 70 percent, indicating the property market may remain "sluggish" in the next several months...............................................Full Article: Source
|