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Shanghai real estate prices to overtake Hong Kong’s

Posted on 25 November 2010

From Cnngo.com: Those looking to get in on the Shanghai luxury real estate market better buy now. If they wait, they might be better off booking a ticket south. Even with the real estate bubble, most prices have stayed in the relatively reasonable range, but according to a recent Bloomberg report, all that’s about to change.
The site reports that Joe Zhang, deputy head of China investment banking at UBS AG, says “Shanghai and Beijing’s luxury home prices may increase 15 percent each year to overtake Hong Kong in the next five to 10 years.”………………………………………Full Article: Source


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