Yuexiu Property chairman Lu Zhifeng bullish on China for 2013

The chairman of Yuexiu Property, a Guangzhou-based developer, believes the mainland property market will improve in the second half of next year.

Lu Zhifeng said he was bullish on the property market in 2013. "The market conditions will remain challenging in the first half but I think the market will improve in the second half," Lu said.

He believed new cooling measures such as the tightening of mortgage and home purchases would not last for long.

"We saw mortgage-tightening measures have been loosened slightly. It is a good sign for the property market," he said.

via Business feed http://www.scmp.com/business/china-business/article/1103296/yuexiu-property-chairman-lu-zhifeng-bullish-china-2013