China property investment more than the whole world combined?
CNBC news release of a cushman & wakefield Report on global real estate activity showed chinese markets up 242% in 2009 or 156 Billion US Dollars.
The whole list.
china $156 billion
hk $9 billion
UK $39 billion
USA $38 billion
Japan $19 billion
Germany $14 billion
France $10 billion
South Korea $10 billion
Australia $7 billion
Taiwan $5 billion
http://www.cnbc.com/id/35676535?slide=1
On a sad note, it seems that J.G Ballards Shanghai home has fallen to the developement.
I recently passed by and noticed the Restaurant SH508 has closed (it moved to somewhere else, I seen it too, but can’t remember now).
I had in my wildest dreams not been able to imagine it being destroyed.
http://shanghaiist.com/2010/03/10/the_disappearance_of_jg_ballards_sh.php
Stay Tuned
1
aquaspace
Friday, March 19th, 2010 at 12:55 am
Seems no news for several days.