| I Think that we still very far to bring to reality the over over over priced property market in the big cities such SH, BJ, GZ etc... a normal apt brand new, price not less of 12k per sqmt in SH, cost not over 4ksqmt ( if the developer decide to be honest on steel and cement, plumbing and safety concept, which are very rare, that why ShiMao sell over 17k per sqmt, because if they bulid them properly cost 4.5sqmt)... today has been approved the rule to forbid any further sale of land for villa or town house... to reduce prices. Well, we all laugh when we red it. As Villa Owner i m very happy as before i can sell 24k per sqmt in PD, from tomorrow i place it on auction starting from 30k.... and seel to who pays more... sinee the new rule just increased my value no there is no serious concept to bring property market price to reality... and as seen in other Asian country when the ball of soap will blow.... aouch.... several will cry.. several will become very poor within seconds... sad as if really something serious is properly implemented it will not make any major damage... Let watch people when the property market 1 day to another will be forced to down to reality... it will be a tragic comic thing.. Idea ..since who really make hell of profit are the developers (average over 200% of the investiment), why dont tax them over 50% and develop such money to clean water treatment plants, green energy source... etc to make city more humans and less gray... ? cheer Gerry |
New Rules to Push Down House Price