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Himfr.com Expects Housing Prices to Push Up Hardware Market Demand

Posted on: Tuesday, 21 July 2009, 09:00 CDT

BEIJING, July 21 /PRNewswire-Asia/ -- Himfr.com (http://www.himfr.com/ ), one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, forecasts that the rise in housing prices in China will increase hardware market demand.

After a period of downturn in the Chinese property market, the Chinese real estate industry seems to regain its momentum. In 2009, the housing market in China's major cities rebounded strongly, with market volume returning to the basic level of the first half of 2007, that for some major cities, there have been much report saying "the times of high house prices make a comeback". Housing prices in Beijing was up 3 percent in six months, and the maximum increase was reported to be over 5,000 yuan per sqm.

The rebound of real estate sales is leading the boom in other areas, such as automotive, steel, cement and decoration industries, pulling up demand for bulk commodities such as crude oil, copper, iron and gold, as well as the market demand for construction metals. In addition, the active second-hand housing market has significantly boosted sales of architectural hardware market. Second-hand housing buyers also tend to renovate, and their decisions to replace doors, windows, locks, lighting, sanitary ware and kitchen ware have driven up demand in the daily hardware industry market.

Himfr analysts believe that the current surge in demand for China's hardware industry comes mostly from the active second-hand housing transactions rather than the increase in housing prices. If housing prices continue to rise which eventually exceeds that of the affordability of the general public, the market may start to collapse which in turn affect the sales of home hardware. It is therefore anticipated that the current domestic demand for metals can be sustained in the short-run.

Over the first half of 2009, although the shadow of the financial crisis did not entirely go away, opportunities for the hardware industry is still on its way.

About Himfr.com

Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. Himfr.com provides a variety of high quality products such as small ball bearings (http://www.frbiz.com/buy-small_ball_bearing/ ), wood bead necklaces (http://www.frbiz.com/buy-wood_bead_necklace/ ), motorcycle helmets (http://www.frbiz.com/buy-youth_motorcycle_helmets/ ) and many more.

SOURCE Himfr.com

Source: PR Newswire

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