More attention on the uncertain prospects of China’s booming housing market. From China Daily:
To buy or not to buy, that is the question haunting Yang Qi.
The 30-year-old white-collar worker has had plans to buy a house in Beijing for some years now. But just when she was about to decide on an apartment off East Fourth Ring Road recently, a TV program caught her attention.
There has to be a problem with the property market if the middle class cannot afford to buy an apartment,” Wang Shi told CCTV. And true to his suggestion, Vanke cut the prices of its housing units in Shenzhen, Guangzhou and Shanghai by 15 to 30 percent. [Full Text]
[Image: an artist presents himself as a “housing slave,” via chinadaily.com.cn]
