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Old Aug 24, 2009 | 5:27 pm
  #16  
anacapamalibu
Ambassador: China
 
Join Date: Oct 2005
Location: Malibu Inferno Ground Zero
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Originally Posted by jiejie
Property prices are just too high for what the market will support, and the common wisdom here is there is a gov't-developer-propped up bubble in many big cities, esp in higher-end residential property. Take heed of what has happened in the US, UK, and other places in the last year or so. China is not immune to same. You have been warned.

Star River (shanghai, pudong) opened up apartment sales on August 8. Sold out in 3
days...50,000 RMB sqm. Average price per unit several million USD.

That's Pudong China...not Manhattan
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