This is a continuation of my previous post
The chart below shows you the various government measures. It is interesting to note that the government has implemented 5 rounds of cooling measures since 2009.
I am not sure how MS came to this conclusion but they are expecting residential price to tall by 13% by Dec 13
In my mind, I was expecting the consolidation and correction (if any) will probably take longer and will hit the 180-200 levels only in 2014-2015.
To reach 180 levels in such a short span of time, you will need sentiments in the property market to become really bearish and i can foresee that happening only if we have another Lehman like crisis. Perhaps another “too-big-to fail” company from Europe or US going belly up and affecting the sentiments all over the world. That will be another Global Financial Crisis. (Remember …