Source: CCTV.com

12-02-2008 09:41

Special Report:   House Market under New Policy

A new package of property policies is boosting the housing market in Shenzhen, south China, with the number of deals reaching a two-year high in November. But industry insiders say it's too early to say that the real estate industry is rebounding in Shenzhen.

A new package of property policies is boosting the housing market in Shenzhen, with the number of deals reaching a two-year high in November.
A new package of property policies is boosting the housing
market in Shenzhen, with the number of deals reaching a 
two-year high in November.

A real estate development in Shenzhen began selling just last month, now about eighty percent of it has been sold. Buyers crowd the development's welcome area.

One Shenzhen resident said "We have substantial needs, people need to buy houses."

Another Shenzhen resident said "Deals for new houses have been increasing, I'm here to check out the market. If it's really good, I'll buy."