After over 3 weeks in Shanghai I feel ready to tell my uneducated, see for yourself, personal point of view. I read many articles about China's RE bubble. During the passing three weeks I've bumped into a (awfully) silent reminders of it, standing here and there, reminding me of its existence. I've included some pictures… Read More »
I landed in Shanghai yesterday, as some of you know, I am going to spend a month here. It already feels like I've been here for a long time. The city is huge, much more than I expected. There is EVERYTHING here. I took the Maglev from the airport to the city center (Long Yang… Read More »
There are over 64 million empty apartments in China. There are numerous Ghost cities. 64 million apartments should populate 180 million people. If you take the current Chinese population of 1.3 billion people, this means that current vacant apartment accounts for 13% of the population. The current population growth in china is around 0.5% per annum, which… Read More »