Saturday, October 29, 2005

Shangai fly

My fly on the wall in Shanghai
The real estate bubble seems to have burst, though I think the fundamentals are rather bullish. As I have heard a lot about real estate in the news etc half a year ago, and then about prices going down and not much anymore (good time to look for potential buys I suppose, as people are not interested in real estate anymore), the sentiment was speculative.