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HK Finance Expert Cautions China on Handling Real Estate Boo
China’s property market shot up once again last year. According to Business Week magazine, in Shanghai, prices of high-end real estate increased by 54% in 2009. In Beijing, apartment prices more than doubled.
In an interview with state-run Xinhua, Chinese Premier Wen Jiabao acknowledged that property prices have increased too rapidly in some cities. Wen says his government will work on cooling down the market.
Hong Kong finance expert and Executive Director of G-Resources Group, Lew Mon-hung, agrees that the property market needs to be cooled down. But he also warns that it must be done carefully.
[Lew Mon-hung, Hong Kong Finance Expert] (male, Cantonese, 2nd quote in footage)
“If the property market is cooled down too quickly, it will shrink consumer spending in the mainland rather severely. With the export market already suffering, if consumer spending decreases, it will be a difficult situation to rely solely on investments. This would be a major blow to the economy.”
Lew says the real estate boom is a result of collusion between developers and local officials.
[Lew Mon-hung, Hong Kong Finance Expert] (male, Cantonese, 2nd quote in footage)
“Property developers and their collusion with corrupt local officials has turned them into a one body with mutual interest. The hotter the property market is, the more inflated the local GDP will be. The impressive local economic growth [looks good, which] translates to a stepping stone for officials wanting to climb up the ranks. The numbers are propelling them up.”
The property market boom has put home ownership out of reach for many ordinary Chinese. The 2009 Blue Book on China’s Economy released by the Chinese Academy of Social Sciences in December last year says 85% of Chinese households cannot afford to purchase a home.
Author: 
NTDTV
Tags: NTD NTDTV News Finance China Real Estate Business Week magazine Shanghai Beijing Xinhua Wen Jiabao Hong Kong G-Resource Group Lew Mon-hung Mainland Corruption Chinese Academy
Posted: 13 January 2010
Rating: 5.0
Votes: 1
Scituate, Massachusetts real estate & home rental | 78 Pheas
http://www.TheSobranGroup.com - A small seacoast community on Boston's South Shore, just a 25 minute ride to Boston, Scituate is equidistant between Boston and Plymouth. Ocean related recreational activities make it a very desirable place in which to live and raise families.
This great rental opportunity is available on or about July 1. This recent construction home is located on a quiet cul de sac at 78 Pheasant Hill Drive.
With an amazing amount of room for the entire family, this home offers it all. A huge deck off the family room and kitchen provides ample space for summertime BBQs.
Central air conditioning and a 3 car garage are just a few of the upscale amenities this rental has to offer.
The master suite boasts it's own private deck overlooking the backyard.
The third level is perfect for a children's playroom or media room.
Credit references are required. The owner prefers a one year least with an option to extend. This home can be rented furnished, partially furnished or empty.
Real estate video tours by http://www.NashuaVideoTours.com
Author: 
NashuaVideoTours
Tags: Scituate Massachusetts real estate home homes house houses rental rent apartment property Evan Sobran
Posted: 22 April 2010
Rating: 5.0
Votes: 1
Milton, Massachusetts real estate & homes video | 26 Gullive
http://www.LauraCahill.com - Calling all the "White Glove Inspectors" We have tried to find something, anything out of order in this side entrance colonial and we came up short. No kidding...even the gardens are meticulous. So if your friends think you are a little fussy and maybe you don't want to do any work, we think this Gulliver property may just be your perfect match. The location is central, near schools and sporting facilities like hockey, basketball, track and tennis. Give us a call we'd love to show you around!
Real estate video tours by http://www.NashuaVideoTours.com
Author: NashuaVideoTours
Tags: Milton Massachusetts real estate homes home house houses Laura Cahill
Posted: 22 April 2010
Rating: 5.0
Votes: 1
Newburyport (Plum Island), Massachusetts real estate & 3 51s
http://www.SeanRPerkins.com - 3 51st street was reconstructed in 2007 and was built with the finest materials. The exterior features a deck, mature raised perennial gardens and plenty of off street parking. A custom built 3 bdrm cottage, this home boasts a spacious open flr plan. The kitchen features high end Bosch appliances, wp flooring throughout and a center island. Cathedral ceilings give the space a bright and airy feeling throughout, LL features 2 bdrms, full bthrm, FR & an office. A stones throw away from the beach!
Real estate video tours by http://www.NashuaVideoTours.com
Author: NashuaVideoTours
Tags: Newburyport Massachusetts Plum Island real estate home homes house houses beach water Sean Perkins Stone Ridge Properties
Posted: 26 April 2010
Rating: 5.0
Votes: 1
North Reading, Massachusetts real estate & homes | 29 Center
http://www.AnnetteGregorio.com - Located approximately 10 miles north of Boston, Reading, Massachusetts is a town with a population of about 24,000 residents. Located near the junction of I-93 and I-95/ Route 128, it is about as convenient as it gets for commuters to either downtown Boston or around the 128 belt surrounding Boston. New England's beautiful beaches, mountains and historic sites are just a short drive from Reading.
You are also walking distance to the MBTA Commuter Rail, which offers service to North Station, as well as Washington Park - a family favorite! You are also near the desirable Joshua Eaton Elementary School and Parker Middle School.
Noted for its award winning schools and outstanding town services, Reading is a community of excellence with a safe, small town feel with welcoming neighborhoods. Scenic downtown Reading offers many delightful restaurants and shops.
This extraordinarily maintained and beautifully appointed mansard colonial has all the right features. This home exudes charm the minute you walk through the door, foam the stylish living room and dining room, to the outstanding kitchen. Picture yourself whipping up a delectable meal on all of the G.E. appliances, accented with the imported Mexican tile backsplash. Serve your mouthwatering dishes on the granite island with the overhead pendant lighting. Enjoy the added convenience of a first floor laundry center and a full bathroom with a travertine marble floor - all new!
The second level offers three bedrooms and a second recently renovated full bath with granite topped vanity with Kohler fixtures.
For a personal tour of this home, call Annette Gregorio at (781) 517-0205
Real estate video tours by http://www.NashuaVideoTours.com
Author: NashuaVideoTours
Tags: North Reading Massachusetts real estate home homes house houses Annette Gregorio
Posted: 22 April 2010
Rating: 5.0
Votes: 1