Editorial : Hold market forces in awe
恐慌性購房樓市高燒 調控須敬畏市場力量
文章日期:2016年9月27日

【明報專訊】LAST WEEK the People's Daily, a medium on the level of the country's central authorities, went so far as to use such a headline as "Has Property Market Gone Crazy?!" to describe the property market on the mainland. The State Statistics Bureau has reported property prices in seventy large and medium-sized cities. Property prices have gone up in over 90% of them. More important, that runs counter to one of the central government's themes - its requirement that cities get rid of their "inventories". Things have yet to look up in third- and fourth-tier cities that ought to get rid of their inventories, but in first- and second-tier cities, which have no inventory problems, property prices have gone up faster and more sharply then one can imagine, much to market participants' panic.

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