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.

Shanghai Construction Site

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

Possibly Related Posts

3 Responses to “Shanghai Real Estate | Empty Buildings”

  1. navdeep sethi
    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

  2. navdeep sethi
    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

  3. navdeep sethi
    June 24th, 2007 03:19

Leave a Reply

  • General

  • Search

  • Subscribe

      Enter your Email

      and receive updates by mail
  • Subscribe China Snippets Posts

      269 feed subscribers
      Google Reader or Homepage Shanghai China Snippets
      Add to My Yahoo!
      Subscribe with Bloglines
      Subscribe in NewsGator Online

      Add to My AOL
  • Buy a Book

  • China Blogs