Around Shanghai: Disneyland rumors, real estate highs and lows, and laowais get to stay longer

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  • Woah! Is the Shanghai Disneyland idea back on? A Disney news site reports that Bob Weis, Exec VP of Walt Disney Imagineering may have been hired as the creative lead for the "in-development" Shanghai Disneyland Resort. [AWN]
  • An exhibition about Cartoon Games is starting on the 4th at the Shanghai Exhibition Center (that building across the street from the Portman). We're curious and entry's only 50RMB! [Xinmin]
  • Oh no, signs the recession still isn't completely over! Rental prices for high-grade offices here continue to plunge. [China Briefing]
  • But weirdly, new home sales have seen the opposite trend, soaring nearly 70% during the first half of this year. [Shanghai Daily]
  • Five foreigners living in Pudong are now able to get permits of up to five-years for them and their families under a pilot program. Lucky them. [Eastday]

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"new home sales have seen the opposite trend, soaring nearly 70%".

It's true, I just sold my Jing'An apartment to a Wenzhou speculator for a 3.8 million CNY profit. I had already paid half the mortgage, so I managed to get a cool 4.5 million CNY in cash. Bought the unit in early 2002.

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