Real Estate Panel

China's real estate market has experienced unprecedented growth over the past decade as the emerging middle class and widespread urbanization lead to an increase in demand. In response to the global economic crisis, the Chinese government enacted a series of regulatory measures to boost the real estate market, which included tax breaks, lower rates, and smaller down-payment requirements. These policies, coupled with the rise in bank lending as a result of the $585 billion stimulus program, contributed to a tremendous increase in housing demand and property values. In November, China's urban property prices grew at their fastest pace in 16 months, fueling fears that the real estate bubble could burst in 2010, thus hindering economic growth.

This panel will focus on the impact of governmental economic stimulus efforts on the Chinese real estate market, explore possible solutions, and address future challenges and opportunities.

Panelists

Michael W.J. Thompson

CEO, Asia Pacific, Cushman & Wakefield

Youguo Liang

Managing Director, Prudential Real Estate Investors

Lawrence Longua

Clinical Associate Professor, NYU Schack Institute of Real Estate

Vinh Tran

Visiting Scholar, NYU Schack Institute of Real Estate

John Macomber

Gloria A. Dauten Real Estate Fellow, Harvard Business School

 

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