China Tells

It seems that there is a property mania developing in Shanghai, the biggest city in China (See Article from China Daily). The potential buyers Q up in long lines and pour all the cash they save for life to get a small cage at the outskirt of the city. The price of some apartments has gone up 40% to 50% in the last six month, which is pretty unexpected in a macro environment of global economy slowdown. On the other hand, the developers are laughing to the bank and play their games comfortably by telling television interview that ‘We are not in a hurry to sell’. Come on, please, every dog has its day! Anyway if you are short on property in Shanghai, it means you are screwed, at least for now.

中国第一大城市上海的房价在最近六个月疯狂上涨。几乎每个周末的售楼处都是隔夜排队人满为患，真不知道大家的钱都是哪里来的。各个买家的心态现在就是今天不买，明天就没了，因此价格不是问题，只要有货就抢。看来在中国还是做房地产最赚啊。