Shanghai Real Estate | Empty Buildings
There is a lot of building activity up here in Shanghai and I have the privilige of experiencing it up close. In previous posts I showed pictures of nearby construction sites.
See the posts Shanghai Construction & Always Building in Shanghai
It’s time for an update. It still isn’t finished as at times they seemed to slow down a bit. Not a big surprise as they the surplus of space results in many emtpy buildings.
One of the official numbers mentioned is of 6 million square meters of unsold space this year. As numbers in China are the same as lotto results elsewhere else I dare to say the numbers are on the conservative side.
Prices seem to go down and the big staring game seems to have started.
Buyers are waiting for prices to fall further, while sellers are unwilling to make additional cuts for fear of fueling the downward spiral.
Source: China Broadcast
Posted
Sunday, October 30th, 2005 at 12:20 am,
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June 24th, 2007 03:13
i am an indian who wish to open an indina restaurant in shanghai.i am not very familar with the real estates in shanghai for opening indian restaurant if anyone can guide me well
about the locationa nd the rent lease.i would be glad and thankful
June 24th, 2007 03:16
i am indian staying in changzhou city of jiangsu province who wanna make foreign friends and chinese who can speak english.bsccorp@hotmail.com
June 24th, 2007 03:19
bsccorp@hotmail.com