China's housing price is likely to rise for another 3 to 5 years, said a senior executive with Shanghai's leading property developer Greenland.
The ratio between the total price and the annual rent income of a property in the Chinese market is around 50 to 1, while that of the Japanese and Hong Kong markets were as high as 80 to 1 before they collapsed, said Geng Jing, vice-president of Greenland Holding Group.
So the Chinese property market is still hasn't reached its upper limit, Geng said to an audience including a delegation of 30 students from the University of Cambridge at an event held by the Chinese Students & Scholars Association of Cambridge.
The delegation took a tour of Shanghai for the 30 anniversary of the CSSA Cambridge. The tour included visits to the top 25 companies in the city.
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