Over the last week or so, the Global Post has been looking into the China real estate bubble in an interesting four-part multimedia series. Besides worrying about unsustainably rising house prices - especially in Shanghai - it also checks out hte underlying causes of the bubble and examines some of the unique social customs driving prices even higher. Highlights below:
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Results tagged “realestatemarket”
A look behind and around the China housing bubble
Shanghai logs most expensive house buy ever recorded: RMB 205 million
The bigger unit, measuring in at 26,400 square meters, cost its new owner 205 million RMB (roughly $30 million US). The smaller one was had for a bargain of 115 million RMB.
Housing market crash hits Shanghai's expat population
Thinking of buying that swank new apartment in the French Concession? Now's probably not the time.
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