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Chinese Real Estate
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Author Chinese Real Estate
HenryTo
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PostPosted: Thu Sep 27, 2007 11:18 pm    Post subject: Chinese Real Estate Reply with quote
The People's Bank of China is now targeting real estate (which makes much more sense than targeting the stock market from both a social and political standpoint) - it is raising mortgage rates as well as the necessary down payments:

http://www.bloomberg.com/apps/news?pid=20601068&sid=any0puSq2JeE&refer=economy
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Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The China Board
Author Chinese Real Estate Replies
rffrydr
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PostPosted: Fri Sep 28, 2007 6:13 am    Post subject: Reply with quote
The operative quote:

"The latest cooling measures come after new taxes, higher mortgage rates and down-payment ratios imposed since 2005 failed to prevent prices rebounding. Investment in real-estate development jumped 29 percent in the first eight months of 2007. "
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