The Chinese property bust seems over before it ever really started, with the latest bullish news...


The Chinese property bust seems over before it ever really started, with the latest bullish news being a 17.3% jump in Shanghai property sales last week. Prices did fall 3.3%, but instead of scaring buyers off (which would happen in a true bust), it looks to have drawn them out. The China Real Estate ETF (TAO) +4.7% YTD after a torrid 2012.

Comments (3)
  • Sam Liu
    , contributor
    Comments (3711) | Send Message
     
    "The Chinese property bust seems over before it ever really started"

     

    When did it start, though the prices in Shanghai and Beijing were down, the number of residential transactions have been attaining new heights since the summer.

     

    Though high tenancy for commercial property was uncovered as fraud-- was in the news during Aug or Sept.
    15 Jan 2013, 11:40 AM Reply Like
  • CaladesiKid2
    , contributor
    Comments (276) | Send Message
     
    Perhaps there is a correlation between Shanghai and Singapore real estate markets. Singapore has increased a number of fees (specifically from 10% to 15% of purchase price!) to temper their spiraling real estate market. These actions were specifically stated to slow demand. Is it coincidental that Shanghai prices recover at the same time? Perhaps. Is there any report of government action in Shanghai to affect real estate transactions?
    15 Jan 2013, 11:54 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3711) | Send Message
     
    "a correlation between Shanghai and Singapore real estate "

     

    during the depths of the Asian Financial Crisis (1997-1999), the cost of housing was the same (either by unit or by sq m) in Shanghai and Singapore.
    15 Jan 2013, 06:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs