For immediate release, 2009-02-19
by Hingyin Lee
Colliers International , Shanghai
Recently there are voices that the Shanghai municipal government will re-introduce measures of granting residency status (the “blue-stamp”residency registration or “蓝印户口”) to non-local home buyers. This measure together with income tax rebate for home buyers (See analysis in Colliers’ News Flash dated Feb 4, 2009) are regarded as more aggressive tools to support the residential property market. The measure was implemented in Shanghai during the last property market downturn in mid-1998 – early 2002. How powerful is this measure in arresting the property market downturn?
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About Colliers International
Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide. These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff. CMN is a FirstService Company (Nasdaq: FSRV; TSX: FSV.SV). CMN is the largest member firm of Colliers International, one of the world's top commercial real estate services organizations, with revenues over US$2 billion in 2007 and 293 offices in 61 countries. CMN can be found on the Web at http://www.colliersmn.com. Locally, Colliers professionals serve clients throughout China. Find out more at www.colliers.com/china.
Contact Information
For further information, please contact:
Hingyin Lee
Director, Research and Advisory
Tel : 86 21 6141 3580
Email: hingyin.lee@colliers.com
Summer Liu
Manager, Research and Advisory
Tel: 86 21 6141 3584
Email: summer.liu@colliers.com
Julian Jiang
Senior Analyst, Research and Advisory
Tel: 86 21 6141 3592
Email: julian.jiang@colliers.com
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