Andy Rothman, China macro strategist with brokers CLSA in Shanghai, judges that Beijing wants to cool, not kill, the residential property market.
"The impact of the new rules will not be dramatic in most cities," he said in an April 20 report.
A survey by CLSA in 60 cities in late March and early April showed about half of families in second- and third-tier cities had paid for their first and second homes entirely in cash.
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Thanks for sharing this news about China's residential property which can buy through cash. This is really an informative news.
Posted by: Chris Whelan | July 22, 2011 at 08:14 PM