Now someone has a brain. According to the latest research paper from the gov't, the real estate property price is near bubble, price should drop by 30% in order to be at a more realistic level. The rate of return for rental should be above 5% rather than the continuing decline of less than 4%. So when is this price adjustment to be taken effect, right.
What next! The Shanghainese gov't has approved and spent 100million RMB to purchase Michael Jackson's personal items so that they can be placed inside this new NeverLand being built in Chongming Island. This Chinese version of Neverland will be opened for business next year. Wow.
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