{"id":139510,"date":"2012-07-08T10:22:39","date_gmt":"2012-07-08T17:22:39","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=139510"},"modified":"2012-07-08T10:47:11","modified_gmt":"2012-07-08T17:47:11","slug":"chinas-developers-surge-after-interest-rate-cut","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2012\/07\/chinas-developers-surge-after-interest-rate-cut\/","title":{"rendered":"China\u2019s Developers Surge After Interest Rate Cut"},"content":{"rendered":"
Bloomberg news staff Bonnie Cao reports on the central government interest rate cut and the immediate effects<\/a><\/strong> on the real estate market:<\/p>\n \u201cAll financial institutions must continue to strictly implement a differentiated housing credit policy to continue curbing property buying for spec<\/p><\/blockquote>\n ulation and investment purposes,\u201d the central bank said in its interest-rate statement yesterday.<\/p>\n Jinsong Du, a Hong Kong-based property panalyst at Credit Suisse Group AG, in a note to clients yesterday wrote investors or speculators will increasingly re-enter the housing market, pushing up housing prices \u201cmeaningfully in the next few months.\u201d<\/p>\n […]<\/p>\n \u201cThe momentum of the property market had already picked up as developers reported good June sales,\u201d said Nicole Wong<\/a>, a Hong Kong-based property analyst at CLSA Asia-Pacific Markets. \u201cThe second round of interest rates cut will just drive the momentum better and better.\u201d<\/p><\/blockquote>\n Read more about China's real estate market<\/a> and interest rates<\/a> via CDT.<\/p><\/blockquote>\n <\/p>\n