| In the northern Chinese city of Tianjin, many residents have expressed the belief that the housing market will continue to boom despite high prices. But experts have pointed out that the market may see a shortage in supply.
Many Tianjin residents say the real estate market will continue to be pushed up by demand.
A Tianjin resident said, "I think housing prices will rise by 1 to 2 thousand yuan.
A Tianjin resident said, "I think housing prices will continue to rise. There are people who need houses, like those who have just got married."
A Tianjin resident said, "Housing transactions will continue to rise. This season of year usually sees many transactions. People have a lot of demand."
But some experts think differently. They point out that in the last week of August, 67-thousand-square-meters worth of housing were sold, a drop of 11 percent from the same period last year. They added that the boom over the last several months may create a shortage in the market.
Jiang Yunfeng, general manager of China Index Academy, said, "As of August the 31st in Heping District, where houses are sold at the fastest pace, 400 apartment units were completed and put up for sale. Based on the average of 200 houses sold per month, those apartments will be sold out within two months."
In addition, experts say the Autumn Housing Fair will be a watershed for this year's real estate market. Housing developers are expected to unveil a new market plan. This should make the direction of the real estate market much more clear.
Editor: Guo Changdong Source: CCTV |
