04.04.2013 - Chinese property market confusing to most
To buy or sell? This is the question that is bewildering many Chinese in the real estate market. Average housing prices nationwide have more than tripled over the last decade, with some areas seeing prices grow by 10 times the original price. Experts are debating whether there is a bubble in the market and whether prices will continue to skyrocket. A bizarre bet made by Shenzhen Inland Real Estate chairman Guo Jianbo exemplifies the unpredictability of the market. Chairman of Huayuan Real Estate Ren Zhiqiang predicted last year that housing prices would rise sharply in March 2013. Guo bet against him, promising to run 10 km along Chang'an Avenue, a major road in Beijing, without wearing a stitch of clothing if the prices rose...............................................Full Article: Source
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