The long-term structural trend for China's real estate is up, so long as its economy continues to grow at 8% to 10% per year. 1.3 billion people, increasing affluence and more rural-to-urban migration can only mean higher demand for housing and generally higher real-estate prices. At any given time, some areas may be overpriced or have an element of speculation, but is there is no nationwide real-estate bubble in China.
~Kevin Gin, head of Greater China Property Research, Yuanta Securities in Hong Kong, "Mulling a Play by Superman", Barron's.com, April 23, 2011
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1 comment:
I wouldn't be suprised if the Chinese economy experiences a huge blow in the next few years. Don't invest.
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