After an unprecedented 2009 in which the Chinese property market was driven to historical highs, raising concerns of a bubble, this year growth is expected to be more rational and reasonable, CCB International, a subsidiary of China Construction Bank, predicted recently in an exclusive interview with FinanceAsia.
In the short run, residential property prices in China could move higher due to the demand-supply imbalance. CCB International notes that residential property inventory levels have generally been maintained at six to 10 months. However, the current property supply levels in Hangzhou and Shenzhen stands at three to four months, while in Shanghai it is even lower, at two to three months. This, according...
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