Fri, 18 Nov 2011 09:41:47 GMT
China housing prices decline to a 1 year-low on curbs
In October Chinese home price dropped in 33
out of 70 cities observed by government, the weakest performance since the
implementation of property curbs. According to Shen Jian-guang, economist at Mizuho
Securities Asia Ltd, the drop is the breaking point for Chinese home market as
prices begin to fall not only in big cities and for new built real estate but also
in smaller cities