ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / From the PressEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsFrom the ReadersDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPThe problem with realty market(China Daily) Updated:2014-08-19 10:56Comments Print Mail Large Medium SmallSome media reports say a few local governments have eased the restrictions on housing purchase and even issued loose credit and loan policies to help boost the housing market. That Hong Kong-based business magnate Li Ka-shing has sold off an office building in Shanghai which he bought in 2011 has added to the uncertainties of the housing market, says an article in Economic Reference. Excerpts:
Since August 2013 Li Ka-shings company has sold off nearly 20 billion yuan ($3.25 billion) worth of properties. As a magnate who has excelled in the real estate sector, Lis business moves are usually regarded as investment indicators in China. Besides, he is also known for his risk control measures in the market. So, why is he selling off his properties on the Chinese mainland?
The demand and supply in the housing market have reached a turning point. A recent survey conducted by Peking University shows that on average a Chinese family owns 1.35 apartments and, to some extent, the supply in the housing market now exceeds demand. No wonder, a smart and wise real estate investor like Li has been selling his properties to make profits.
The real estate markets in Western countries are yielding higher investment value now, especially after the bursting of the property bubble. This April, Lis company bought two properties in London in the hope of making better gains in the near future. Other real estate companies, like Wanda and Greenland, too have started investing in real estate overseas.
The Chinese economy is now in transition, there are still great uncertainties ahead. The slowing-down economic growth could have a huge impact on the housing market. Given these facts, wise investors are not expected to put all their eggs in one basket.
The opinions expressed on this page do not necessarily reflect those of China Daily.(China Daily 08/19/2014 page9)8.03KMost Viewed Todays Top NewsCarry on institutional reformDilemma for Abe if Constitution wins Peace PrizeFood safety deserves concernsTreat Japan athletes with respectOne-child subsidy must be hikedForum TrendsIs China safe for foreign tourists?Can you live without the Internet?What symbols represent China?Does education matter in a relationship?8 strange Chinese things in foreigners eyesWill you choose a naked marriage?What part of Chinese culture do you like most?ColumnistsProbe into MH17 lost in US-created chaosNo standing in the way of progressFeatured ContributorsSacking of anti-trust economistWhats the best way to protect wildlife?Star BloggersTeaching Chinese abroad as a non-native speaker By anastasiasuliI hope you, my dear readers, get my idea if you ever attended Chinese lessons at the university and remember those joyful days.I cant acknowledge the beauty of some Chinese By MaierweiIm kind of horrified by Chinese (and other Asian) peoples interest in disproportionate faces.How to overcome the language barrier in China By interdasglobalThe language problem impacts on every facet of life here and I recommend that before any foreigner is posted to China they are sent on an intensive conversational Chinese language courseSpecialEx-Japanese PM: Abe should not visit Yasukuni ShrineChen Qinggang, keeping the world in focusLetters reveal Japanese war atrocities…| About China Daily | Advertise on Site | Contact Us | Job Offer |Copyright 1995 -. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.License for publishing multimedia online 0108263             Registration Number: 130349