Do you think the policies really work?

Do you think the policies really work?
Aug 15, 2010 03:57
guestJack	From April, China has introduced a series of measure to cool down the property market. In terms of floor area sold, transactions fell by 29 per cent in July from the month before, with many buyers remaining on the sidelines. On the other hand, House prices in 70 biggest cities were flat in July compared to the month before, having fallen 0.1 per cent in June. Obviously, the dramatic prices drops most people have expected didn’t happen. The policies seem to have worked but the influence is not as big as we think. At this moment, China Real Estate Association suggests the State Council stop issuing new policies to cool down the real estate market. The suggestion has annoyed many people. The public are still dissatisfied about the current policies. You see, they don’t work effectively.

Aug 15, 2010 03:57

guestJack

From April, China has introduced a series of measure to cool down the property market. In terms of floor area sold, transactions fell by 29 per cent in July from the month before, with many buyers remaining on the sidelines. On the other hand, House prices in 70 biggest cities were flat in July compared to the month before, having fallen 0.1 per cent in June.

Obviously, the dramatic prices drops most people have expected didn’t happen. The policies seem to have worked but the influence is not as big as we think.

At this moment, China Real Estate Association suggests the State Council stop issuing new policies to cool down the real estate market. The suggestion has annoyed many people. The public are still dissatisfied about the current policies. You see, they don’t work effectively.

Aug 16, 2010 01:34	#1
NANCYMOON Points: Join Date: Jun 19, 2010 Status: Offline	I don't even expect they take at their words about heightened estate price.

Aug 16, 2010 04:34

JIMMYB
Points:
Join Date: Feb 7, 2007
Status: Offline

Although house prices are increasing crazily, people still want to buy one and are willing to be house slaves. Why? The house is a necessity. The developers know this and make good money from it. We can not expect all people stop buying houses. This is impossible. But we can expect the government take their responsibility to control the house prices.

If people can not find a place to live, the result will be horrible.

Aug 18, 2010 01:30	#3
GUEST3432	The latest report on the house prices in 36 cities shows that the house prices are still increasing. The NDRC said .The policies adpted sinc April didn't work very well.

Aug 18, 2010 10:11

OSMAN
Points:
Join Date: Mar 1, 2010
Status: Offline

Quote:

Originally Posted by JIMMYB

really good idea

Aug 29, 2010 04:45	#5
GUESTJIMMYB	It is said that China is going to levy property tax in the near future. The purpose is the same, crontroling the housing prices. The property tax might be firstly levied on the second-hand housing trades.

Oct 4, 2010 21:03	#6
BOBERT Points: Join Date: Jan 1, 2009 Status: Offline	Like all bubbles, it will burst either by design or by accident eventually.

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