09.12.2010 - China: Cities see a new spike in real estate bubble
From Peopledaily.com.cn: China's top think tank has said that the country's real estate bubble has soared in urban areas, with the biggest gap between market price and actual value in Fuzhou, capital of East China's Fujian province. The actual value of commercial housing in Fuzhou is only 3,998 yuan ($600) per square meter, while the market price is 13,457 yuan, according to a survey published in a report on the housing market in China (2010-2011) released by the Social Sciences Academic Press on Wednesday..............................................Full Article: Source
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