Chinese house prices overvalued in some places: HKMA research
While Chinese house prices are in line with fundamentals on the whole, there are signs of overvaluation in some areas, a paper published Thursday by the Hong Kong Monetary Authority says.
Ashvin Ahuja, Lillian Cheung, Han Gaofeng, Nathan Porter and Zhang Wenlang, the paper's authors, find that house prices were not "significantly overvalued" in China on the whole in the first half of 2010. "However, the mass-market segment in a few large cities, such as Shanghai, Shenzhen, and the luxury segment
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