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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)
  • "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
  • 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
  • "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
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