Date
26 September 2017

Developers rule out housing crash in smaller cities, paper says

There’s still room for growth and a crash looks impossible in the housing markets of third and fourth-tier cities, National Business Daily reported Tuesday, citing Hu Baosen, chairman of Central China Real Estate Ltd. (00832.HK). Hu comments come amid concerns of a looming housing market collapse in those centers, given the oversupply in Ordos, Guiyang, and Yingkou. Huang Qisen, chairman of Thaihot Group Co. Ltd (000732.CN), said urbanization and housing registration reform can help balance demand and supply in those cities, the report said.

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TL/AC/SK

 

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