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Real Estate Briefing - Categorized | Asia Pacific, Emerging Trends more

Asia’s new landless peasants?

Posted on 07 June 2011

Landless people have long sparked instability in Asia. From the days of the Qin dynasty (3rd century B.C.), through the huge Taiping rebellion in the mid-19th century, to the successful Communist revolutions in China and Vietnam and a nearly successful insurrection in Malaysia during the mid-20th, the property-less have historically risen against those in power.
Today as East Asia grows more affluent, landlessness is again on the rise. Although peasants in many places remain both poor and restive, the real threat is in the region’s dynamic cities, where rapid increase in housing prices threatens to push hundreds of millions outside the property-buying market………………………………………Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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