Pan Shiyi: The mainland property market is expected to benefit from monetary easing

Pan Shiyi, chairman of Soho China (00410-HK), said that if the global economy no longer worsens, it is believed that China's property market will be good this year, since this year the volume of transactions has continued to rise, reversing the contraction in 08, and property prices have rebounded from lows.　　However, Pan pointed out that the Chinese property market has not been at the bottom of the current, because the global economy and the recent changes in the stock market has exceeded its past experience, and I believe that the current support of the property market is not a significant improvement in economic fundamentals, but the mainland to relax monetary, to solve the problem of He believes that China's property market since the fourth quarter of 06 to 07 is the most crazy period, the new land storage cost than the price of the building at that time is higher than the bread, flour than the situation, but Soho China was not high after the acquisition of soil, and the current land prices after the fall of the consideration of the absorption of