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March sales volume of second-hand.......>

CHINA PRESS
CHINA PRESS: March sales volume of second-hand housing in Beijing hit a one-year
high at 16,051 units, leading the recovery of housing markets in first- and
second-tier cities, said Securities Daily on Tuesday. The sharp rise of
transaction was driven by market speculation that the loan policy for second
housing could be further tightened, as well as more mortgage loan approvals,
said the newspaper citing Zhang Bo, chief analyst at 58 Anjuke Institute.
Suppressed demand and speculation also fueled the market, the daily reported
citing Zhang Dawei, chief analyst at Centaline Property.

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