14.06.2011 - Chinese real estate bubble is a myth says Portman CEO
The much-vaunted property bubble in China is a myth. The country's dynamic residential property market will not collapse because prices there are supported by brisk economic growth says US property developer Ambrish Baisiwala, chief executive of Portman Holdings. Baisiwala says that he is “bullish” on China's residential property outlook, but a bit more cautious on the hotel sector where there is definitely an “overhang.”.............................................Full Article: Source
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