[photopress:Property_Michelle_Gon.jpg,full,alignright]Michelle Gon, Principle at the law firm Baker & McKenzie, said at a seminar that China’s construction boom has been spurred partly by grand infrastructure projects ahead of the Beijing Olympics, but also by the government’s goal of producing a harmonious society, which implies at a minimum, decent housing for all.
Gon was speaking to the European Chamber of Commerce Taipei (ECCT) on the legal Chinese real estate market environment.
She said the Chinese government’s attempts to prevent the economy from overheating has led to a number of new laws restricting certain types of development.
Gon examined those laws and concluded by saying that although China’s major cities have become quite expensive, there are still opportunities in the so-called second and third-tier cities. Read the full story in Source.
Source: China Post