Saturday, October 25, 2008

Sounds very familiar

China's housing market - What goes up...

HOMEOWNERS in a middle-class district in northern Beijing are angry. The developer of their block of flats has slashed the prices of new flats now on sale. China’s housing market, barely existent a decade ago, is undergoing its first big downturn after years of boom. The earlier buyers want their money back.

Posted by whostolemyendowment @ 12:36 PM (611 views)
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