China's housing market.(Brief Article)

Market Asia Pacific | June 1, 2005 | Copyright

Morgan Stanley's Global Economic Forum Website for May 16, 2005 carried a timely posting about China's residential property market.

The posting makes the point that affordable housing is the key to social stability in China. Currently, the housing market in most of China's urban areas is undergoing rapid appreciation in house prices pushing housing out of the reach of many families. The Forum says that prices are now about 20 percent of per capita income per square meter, which was characterized as "extremely high by international standards". In many cities prices ...

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