Has the China housing bubble burst?For years analysts have warned of a looming real estate bubble in China, but the predicted downturn, the bursting of that bubble, never occurred - that is, until now. In a telling scene a couple of months ago, Shanghai property developers started slashing prices on their latest luxury condos by up to one-third. Crowds of owners who had recently bought apartments at full price converged on sales offices throughout the city, demanding refunds. Some angry investors went on a rampage, breaking windows and smashing showrooms.To read the full article click here.  |
Copyright 2004-2026 © Innovatek Ltd. All rights reserved. |