SNA - OPINION: China’s Real Estate Market Running out of Steam - Gao Zitan

Andy Xie, former Morgan Stanley “star” chief Asia-Pacific economist, has been warning about a real estate bubble in China since 2002 and predicted that China's real estate market will collapse in 2012. All the conditions for a real estate collapse in China seem to be in place: there’s a glut of unsold homes, prices are ski-high, and money supply is tight. China presently has 16 billion square meters (1.7 billion square feet) of unsold new homes.

Full article: http://singaporenewsalternative.blogspot.com/2011/10/opin...

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