01.03.2013 - Gap widens in China's property market
"China takes bifurcation to a new extreme. Not only are housing prices in the biggest cities moving in a different direction to those in smaller centres, there is also a glaring discrepancy in the amount of development being undertaken." "The country's main metropolises Beijing, Shanghai and Shenzhen, which each have populations of more than 10m suffer from chronic shortages of housing for low to middle-income residents. By contrast, scores of smaller cities with populations of up to 3m face an increasingly severe oversupply."..............................................Full Article: Source
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