by shangpudi » Tue Jul 21, 2009 4:58 pm
More specifically apartments (in Pudong). We are experiencing situations where local RE Brokers (in two separate cases) are contacting our investment firm to list our luxury apartments. For example, we have had one of our apartments raise in value from 17,000 psm to 25,000 psm in the past 3-4 months. This is outrageous and cause for some concern. I have read the reports of govt subsidies going directly into the housing and stock market but wanted to tie all this into what the effects will be after the Expo. Call me speculative, but I can recall that after the Olympics things took a tumble in Beijing.