Housing market expected to cool under strict purchasing limits (6)

19:15, February 23, 2011      

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Home purchases remain the most popular choice of investment, the survey finds.

"Property prices are sure to grow in the long run. A plunge is impossible, even though the tightening policy continues," said Xu Ying, a resident in the southern economic boomtown of Shenzhen, Guangdong Province. P Xu recently saw 900,000 yuan in net profit by selling an apartment in the city and she is looking for new apartments.

"Buying houses remains a safe and profitable investment," Xu said.

Source: Xinhua
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