Tuesday, May 17, 2005

economy - Report suggests panic sales in Shanghai real estate

Shanghai skyline

A report in the China News suggests panic sales in the Shanghai real estate ahead of a new tax due on June 1, without giving concrete figures. Also Sam Crispin, a real estate consulent writing for Chinabiz, predicted already last week that speculators would possible dump their real estate on the market to avoid this tax.

Books on Shanghai

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