03.07.2009 - China: Real estate sales up, prices soar
From Chinadaily.com.cn: The real estate market is quickly turning hot. "The bidders have gone irrational. A bubble in Beijing's property market is definitely there," said Pan Shiyi, chairman of property giant SOHO China, who was also a bidder that day, after the latest auction. This "bubble" is being felt in the real estate market in major cities across the country..........Full Article: Source