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Ren Zhiqiang, chairman of Huayuan Property
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Measures could help stabilize home prices over a certain period of time, but the prices might show a "revenge" rally later this year as developers withdraw their investment, exacerbating the shortage of new properties.
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Xu Shaoshi, minister of Land and Resources
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In about three months, the property market will probably reach a comprehensive correction and prices will fall in some areas. But it's hard to predict the extent of the price drop, which may vary from city to city.
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Stephen Roach, chairman of Morgan Stanley Asia Ltd
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The property boom in China isn't a bubble because it is supported by "solid" demand for residential housing.
While portions of the real estate market such as high-end apartments are overheating, demand for residential homes will remain robust as rural Chinese migrate to bigger cities.
This property has not overheated and the demand for this property is very, very solid.
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Will house prices drop as cooling measures bite? |
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Gao Shanwen, chief economist of Essence Securities
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I tend to believe that in the next two or three years, the property market will experience a relatively slow adjustment, the growth of housing trading volume will be lower than the average level, and housing prices will see correction or slow but continuous decline.
The situation will be somewhat like Japan's slow adjustment process after the 1990s.
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Li Daokui, central bank adviser
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Cities such as Beijing, Shanghai and Shenzhen may experience some correction but price declines won't be more than 10 percent.
The government is "resolute" in curbing price rises. The latest crackdown on prices won't lead to a property market slump.
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A 25-year-old college graduate
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Some property developers in Nanjing are offering discounts. But my friends feel like me that government efforts to cool the property sector may affect prices, so it's better to be conservative for now.
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