13.08.2010 - China's coming property bust
From Forbes: Why 64.5 million apartments in China use no electricity. Prices for apartments in China are seriously out of whack. They were rising this year at the rate of 20% a month in some regions. Overall, residential real estate prices soared 68% in the first quarter of the year, compared to the corresponding period last year. In the second quarter, prices were up 12.2% from the first quarter, according to Nasdaq-listed China Housing & Land Development Inc China is the world’s fastest appreciating property market..............................................Full Article: Source
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