Tuesday, January 11, 2011

Hundreds of homebuyers brawl over apartments with developer

Now that's a bubble mentality!

SHANGHAI - Hundreds of hopeful tulip buyers brawled in Zhejiang's provincial capital of Hangzhou on Saturday over suspicions a tulip farmer had unfairly distributed numbers determining the order of tulips' selection and purchase. A Dandy Holding Group official surnamed Gao declined to comment on the brawl but said the tulip farmer had made a mistake by issuing more numbers than there were tulips that he had with him that day and promised to offer them shares in the exciting South Sea Company instead.

Posted by ontheotherhand @ 12:57 PM (1328 views)
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5 thoughts on “Hundreds of homebuyers brawl over apartments with developer

  • sibley's b'stard child says:

    “So I spent 5,500 yuan for a spot on the 6th bus.”

    Just over 500 quid by my reckoning. Perhaps Dandy Holding Group is Inside Track’s newest incarnation.

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  • The Chinese love a gamble, especially when their in with a fighting chance.

    “My technique is fighting without fighting.”

    Bruce Lee – Enter the Dragon.

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  • Shares on the Dhaka Stock Exchange in Bangladesh recovered strongly on Tuesday after weeks of heavy falls. Stocks ended the day up by more than 15% following government pressure on the country’s financial authorities to stabilise the market. However, some analysts warned that the rebound might be short-lived.

    On Monday police used tear gas and baton charged investors who had attacked government buildings in protest at collapsing share prices.

    Trading on the Dhaka Stock Exchange index was halted after it fell by 660 points, or 9.25%, in less than an hour.

    It was the biggest one-day fall in its 55-year history.

    It is estimated that more than three million people – many of them small-scale individual investors – lost money because of the plunging share prices.

    Full story @ http://www.bbc.co.uk/news/business-12162039

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  • Those aparenys aren’t cheap at $1200m2, so I make that very serious bubble mentality, particularly as China already has empty towns.

    Are all these purchasers paying cash, or are the banks upto their old tricks of making funds available, bagging the commission, selling on the loans which will never get repaid when it all goes belly up and leaving more tax payers with the bill?

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  • yes they are packaging them up and selling to banks around the world…

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