Topic: China Real Estate Needs ‘Cap’ To Avert Full-Blown Bubble: Executive
China’s housing market hasn’t yet turned into a full-blown real estate bubble, but the government needs to work to limit further price increases or face that risk, an executive with a leading property research company said.
“We’re only 20% of the way” to a full-blown bubble, said Robert Fong, director of international product and business development at Nasdaq-listed, Shanghai-based real estate consultancy China Real Estate Information. “ There is still time to head off that kind of a situation.”