| From UPI: Real estate prices in major cities in China have suddenly gone from bust to boom, a leading real estate expert said. "The bidders have gone irrational," said Pan Shiyi, chairman of SOHO China, a large property investment company.
In one instance, a land parcel in Beijing was taken off the market 15 months ago due to a lack of interest, the China Daily reported. But this week, the same parcel broke a record for a single-parcel price, selling for $585 million, the newspaper said.........Full Article: Source
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