Hu Baosen - Central China Real Estate

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Last quote by Hu Baosen

Right now, it takes about 8 to 10 months to clear up inventory in Zhengzhou. If that climbs to 16 or 18 months, then there's danger, but right now it hasn't, so no bubble. In the second half of last year, a number of our property projects were sold out on the day when they were launched. It's true that rising inventory in third or fourth tier cities is partly due to supply growing faster than demand. In fact, we plan to buy more. In the first half of this year, we made a number of investments in land purchases.feedback
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Apr 24 2017 China
Hu Baosen has most recently been quoted in an article called Central China Real Estate's Hu says 3rd, 4th tier cities not in a housing bubble. Hu Baosen said, “Right now, it takes about 8 to 10 months to clear up inventory in Zhengzhou. If that climbs to 16 or 18 months, then there's danger, but right now it hasn't, so no bubble. In the second half of last year, a number of our property projects were sold out on the day when they were launched. It's true that rising inventory in third or fourth tier cities is partly due to supply growing faster than demand. In fact, we plan to buy more. In the first half of this year, we made a number of investments in land purchases.”.
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