What government doing now is to restrict the liquidity of property market and ease off market activity. The market liquidity of property transaction is the king of market value. A lot of people think every property has it's intrinsic value which is utterly wrong. Very asset value is depended on what market could offer. If market liquidity dries up which means less transactions occurred in the market, then the property value will keep dropping until it reach to another equilibrium point. Think about antique, without market liquidity, most of antiques worth nothing. 作者: aniceguy 时间: 2016-10-12 15:08:59