Tue, Oct 04, 2011 - Page 11 News List

Report suggests housing market bull run ending

ELECTORAL IMPACT:The report also indicated that a pre-election rally in property stocks was unlikely given the government’s policy of cooling the property market

By Kevin Chen  /  Staff Reporter

So far this year, the sub-index has plunged 30.86 percent, underperforming the TAIEX’s 21.83 decline, the exchange’s data showed.

“Given the current macro-economic conditions, the government’s policies of cooling the property market and uncertainty about the presidential elections, we believe a pre-election rally is unlikely this time,” Chiou wrote.

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