21.06.2012 - Deciphering China’s real estate market
China’s skyrocketing housing prices are due to the density of urban population centers and bad state policies. China has seen a steady rise in housing prices since the 1998 property market reform. Some experts have argued that China’s high property prices are a product of its huge population and the need to maintain a large area of land for agriculture, thus restricting the amount of land available for real estate development. But this concept is incorrect. China only needs 1.07 billion acres out of its current total of 1.8 billion acres of agricultural land to be self-sufficient in food production. Furthermore, housing developments in cities use up relatively little land...............................................Full Article: Source
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