Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (27170)	4/8/2005 4:23:56 PM
From: RealMuLan	Read Replies (3) of 116555

Latest from Shanghai: The city gov. starts some new regulation from April 6th: before an owner can sell an apartment (or any real estate property), he/she has to return all the loans. One day after this new regulation, the housing price decline 368 Yuan a sq. meter or 4.5% to 7,785 Yuan a sq. meter. Some expert thinks this will definitely put a control on flipping. 2nd hand housing (newly built but not yet interior decorated yet) increased 15% in Shanghai, and 20% in Hangzhou and many flippers are trying to get rid of their property. The market switched from sellers market to buyers market.

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