Peter Churchouse, managing director of Portwood Capital, says China’s property sector may be “particularly bad,” but “it’s wrong to be totally, universally negative about the sector.”
Peter Churchouse, managing director of Portwood Capital, says China’s property sector may be “particularly bad,” but “it’s wrong to be totally, universally negative about the sector.”
Turn my ass…
I love you Fabulous Hackers web, the amazing hack transfer send to my account today i appreciate you guys..
It’s because secondary market is heavily discounted. The government has put in price “guidelines” on new property sales, basically price floor/price control to prevent a housing price collapse. But the secondary market is much more discounted. Remember you don’t actually buy a house, you buy a 70 year lease/use right. Many not these houses in shanghai has already used up 30+ years of that 70 years, so people will pay a lot less for them than new properties.
Saturday, April 15, 2017
Full Private Land Ownership Returns to China’s Cities
I don’t see how to read this other than as a promise of perpetual free renewals. This means that people who paid for a 70-year LUR now find themselves with a perpetual LUR: the equivalent of full fee simple ownership. That’s worth noticing.
Law professors typepad
Lovely one bedroom coop for $15,000 even maybe $6,500 in 4th tier cities two bedroom at $18,500. It is extremely affordable for all Western citizens. The future is a mega boom for China. Free trade with the world and joint investment deal with EU, Japan, South Korea, and Asean.
@@DW-op7ly if you are Chinese than you would know there is no promise that can’t be broken or changed by the man in charge. The future value is more heavily discounted due to the added political uncertainty. This isn’t communism bashing, though the CCP didn’t help, but thousands of years of emperors and dictators leaving the peasant starving to death. This is we Chinese everywhere, be it in China or overseas, all have such a high savings rate because governments can’t be trusted or counted on, only yourself.