02.07.2009 - Rules of China's real estate market game: Buy land, sleep, wake up, and make money
From Chinastakes.com: Fangxing Property, a subsidiary of Sinochem, has acquired a chunk of land on Beijing's Guangqu Road for 4.06 billion yuan, the highest land transfer price ever in the city's public auction. The name of China's real estate game has reverted to “time for profit,” which prevailed in the market in the bubbly days before the financial crisis..........Full Article: Source