Originally Posted by
trueblu
40-60k/sq. m is absolutely standard where we live -- and I'm pretty sure we're nowhere near the most expensive part of BJ. SH will be even more in the very desirable areas. Although everyone is convinced this isn't a bubble -- because the Chinese govnt won't let it be, I'm not so sure.
tb
It's a bubble, and on your last point, I'm sure it will pop and it will be ugly for some residential unit owners and commercial speculators who are overextended. On a governmental basis, the days of living high on the hog off of selling land rights to developers at the expense of more thoughtful, rational and sustainable economic plans...are likely numbered.