On December 5th, World Chinese Economic Forum was held in Chongqing. City officials, experts and representatives from Chongqing, London, Hong Kong, Sydney, Melbourne and other cities had a discussion about urbanization and real estate development.
Chen Chengwei, an expert from Australia, ,believes that, judging from the current real estate market and the government’s control measures of the housing market, the real estate prices in some Chinese cities have more space for contraction, especially in the investment housing market. “Due to China’s new urbanization, the real estate market will be released; although the price slump of ordinary housing is unlikely, investors should do some research and analysis before buying and selling and be more cautious in investing,” said Chen.
How the new urbanization construction can be carried out and promoted is another topic that concerned the participating experts and scholars. Former mayor of Melbourne, Su Zhenxi has been committed to researches in sustainable development of world cities. He believes that the reason way China is proposing a “new” urbanization is that the Chinese government will implement measures and policies different from what had been implemented in the past, and that the key is to strike a balance between moderate stable economic growth and environment protection.