BEIJING, March 19 -- A seemingly unyielding "wait-and-see" approach among potential home buyers might depress the local housing market for a bit longer, industry insiders said yesterday.
"The market is still rather weak, and it might not be able to regain its strength as quickly as we had seen in previous years," Xue Jianxiong, head of research at Shanghai Youwin Real Estate Information Services, told Shanghai Daily. "Usually March is the month when transaction volume would begin to pick up quite significantly after the traditional slack January and February when Spring Festival usually falls."
