The Chinese real estate market is in a period of adjustment but unlike the US and Japan, it is not in danger of collapse.
Local intervention into the real estate market shows that the situation in has become quite severe. But will these measures bail out developers?
Hohhot, the capital of the Inner Mongolian autonomous region, has broken the silence to become the 1st provincial capital city to suspend the ban on second-home purchases by local residents.
With People's Daily joining in, discussions on whether China's real estate market will collapse are much more heated than any actual momentum in the market.
Real estate tycoon Pan Shiyi said at a forum at Tsinghua University the country's property market is going to hit an iceberg just like the iconic ill-fated ocean liner.
Local govts' attempts to prevent housing prices from falling will not succeed as market undergoes necessary adjustment.
No need for any nationwide property price panic. But there is a need for studious segmentation, strategic thinking and more modest economic expectations.
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