Shui On Group Chairman Vincent Lo Hong-sui told the South China Morning Post his board would decide by mid-July if the group's Shui On Land mainland subsidiary would proceed with a massive US$1.2 billion development project involving the removal of 12,000 households and dozens of factories over 130 hectares in central Chonqing. The 10-year project […]
Category: Property
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Stable property market projected
The Ministry of Construction projected a continuation of gradual real estate price increases over the next year, discounting any prospect of a market collapse. Property sector investment across the country increased in the January through May period by 32% year on year. The National Bureau of Statistics property development investment index was down 0.62 points […]
As an old Asia hand, Fat Dragon has seen lots of bubbles in his time.
I was on a flight to Shanghai last week and sitting next to me were two ladies from Taiwan who spent the entire flight poring over a sheet showing the Hong Kong Mark 6 winning numbers for the past 100 draws or so, and working out the next likely sequence.
Official data revealed a 20% drop in turnover in Shanghai's secondary housing market in May, leaving analysts to wonder if the drop might be a further signal of the beginning of the end of the city's property bubble. May transactions in the segment were only 11,300, as against 14,897 in April and 25,438 in March. […]