China Tells

Property Sector is always a hottest sector on top of newspaper’s headlines. China’s housing price is like the moon – never falling down (See Graph from Chinatells). Such a growth during the global slowdown leads some industry specialist to suspect a bubble in Chinese’s property sector (See Article from WSJ). Wang Shi, the Head of the biggest property developer in China – Vanke, told an interview that he feels there are housing bubble building up in First Tier Cities. Ironically enough, as the head of Vanke, Mr. Wang probably is one of the beneficiaries of the housing bubble. According to Mr. Wang, the government’s loose credit policy fueled the bubble with liquidity leaking into housing market. Based on the housing price calculation, it takes 30 years for an average Chinese to afford an apartment in the city.

中国房地产价格在09年强劲反弹。许多人对此都表示不可信并且觉得房屋价格严重偏离其基本价值。万科集团董事长王石臼认为房地产有泡沫。不过作为房地产开发集团的董事长说房价有泡沫，不免让人感觉有点猫哭耗子的味道。