Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

China Join The Global H P C Club

Recommended Posts

http://uk.biz.yahoo.com/04082008/323/beiji...ing-report.html

Monday August 4, 01:19 AM

Beijing property market 'basically stable,' supply rising - report

| | |

BEIJING (XFN-ASIA) - Beijing property market is 'basically stable' with supply rising, the official China Securities Journal reported, citing an official from the Beijing Municipal Commission of Development and Reform.

The remarks were made by deputy director Wang Haiping, who also denied reports that Beijing property prices have fallen 10-15 pct.

I have always thought China would catch a very nasty cold as the world HPC takes hold. What is the current state of play with their stocks? Down 40% this year so far?

http://uk.finance.yahoo.com/q/bc?s=000001.SS&d=c

What's happening in NI? Reports that they are in the biggest freefall--even outpacing the US at the moment?

Share this post


Link to post
Share on other sites
Guest DissipatedYouthIsValuable

Given that a sturdy concrete 3 bedder was going for £50k in Lhasa a couple of years ago, I'm not surprised.

Still, at least you would have easy access to a good beating and jailing if you needed it.

Share this post


Link to post
Share on other sites

I saw a TV programme about the property market in China in which it was explained that house values behave like car values do in the west. In China a house is at its greatest value when it is new and has never been occupied, after which it depreciates.

Share this post


Link to post
Share on other sites
I saw a TV programme about the property market in China in which it was explained that house values behave like car values do in the west. In China a house is at its greatest value when it is new and has never been occupied, after which it depreciates.

Thats about how it works.

In addition the authorities built huge new estates to move people into as they needed lots of room to build the olympic venues and clear the slums out of the city centre.

Share this post


Link to post
Share on other sites
Guest DissipatedYouthIsValuable
Thats about how it works.

In addition the authorities built huge new estates to move people into as they needed lots of room to build the olympic venues and clear the slums out of the city centre.

There's no money in poor people who develop their own parallel economy.

Share this post


Link to post
Share on other sites
I saw a TV programme about the property market in China in which it was explained that house values behave like car values do in the west. In China a house is at its greatest value when it is new and has never been occupied, after which it depreciates.

I heard this when I was in Taiwan last year, although the impression I got was that this was more for places in the country, while city centre prices were driven up by lack of land.

Share this post


Link to post
Share on other sites
There's no money in poor people who develop their own parallel economy.

Its a hard concept for those born in the west to grasp but in reality China is now making a middle class for the first time ever.

Where they have been busy for 20 or 30 years making tat for everyone in the world they did so with peasants.

As America / europe goes into recession the Chinese authorities are turning their economy to serve their own people.

There are whole generations of people that used to live like peasants in fields moving to cities, buying houses, cars, TV's washing machines etc all for the first time.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.