China Ceramics Co. Ltd. (CCLTF)

[GorillaGorilla]

Where we are?

1) Lots of expensive houses being built
- there is a demand for them still
- mortgages are being made more difficult as price increase
- selling land feeds local government

2) Some affordable houses
- there is a massive, massive, demand for them
- mortgages are possible esp for first home
- this is what they want PRC gov want developers to build but developers want to build expensive flats

3) Restricting Purchases
- aimed at speculation 2 or 3 rd house looking to restrict
- some sort of property or estate tax
- PRC is coming up with different way to differentiate between people wanting a house to live in and people wanting to make money from houses.

Is that the Orthodox view on the board?

rich