Thursday, November 19, 2009

There is a bubble

Sure there is a growing property bubble in China. Hong Kong is feeling much pressure and Singapore is trying to retard the depreciation of the USD

“Real estate prices should only go up because people want to actually use the space, but at the moment we can see more and more empty buildings across the whole country and in every real estate segment,” Zhang Xin, chief executive of Soho China

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