Real estate bubble in China

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.
Post Reply
movingtospore
Reporter
Reporter
Posts: 699
Joined: Thu, 23 Jul 2009 2:14 am

Real estate bubble in China

Post by movingtospore » Wed, 06 Mar 2013 8:36 pm

This is interesting. Google 60 minutes if the link doesn't work.

http://www.cbsnews.com/video/watch/?id=50142079n

Wonder what would happen to little Singers if China's real estate catches up with itself someday.

uscate
Chatter
Chatter
Posts: 271
Joined: Mon, 19 Dec 2011 1:42 am
Location: Bahstin

Post by uscate » Thu, 07 Mar 2013 8:47 am

Wow! Thank you for that link! Very interesting....

User avatar
nakatago
Moderator
Moderator
Posts: 8352
Joined: Tue, 01 Sep 2009 11:23 pm
Location: Sister Margaret’s School for Wayward Children

Post by nakatago » Thu, 07 Mar 2013 8:59 am

That financial guy just seems so non-chalant. He's like...

Host: "So, all these are empty? They built all these and no one's lived in them?"
Guy: "Yup."

And that Chinese real-estate guy? He's like "We are f***** over 9000 times till Tuesday."
"A quokka is what would happen if there was an anime about kangaroos."

User avatar
rajagainstthemachine
Manager
Manager
Posts: 2856
Joined: Sat, 24 Nov 2012 10:45 am
Location: Singapore

Post by rajagainstthemachine » Thu, 07 Mar 2013 9:30 am

they could use that place to shoot post apocalyptic movies lol
To get there early is on time and showing up on time is late

User avatar
JR8
Immortal
Immortal
Posts: 16521
Joined: Wed, 24 Mar 2010 12:43 pm
Location: K. Puki Manis

Post by JR8 » Thu, 07 Mar 2013 8:05 pm

rajagainstthemachine wrote:they could use that place to shoot post apocalyptic movies lol
I'm 1/3rd of the way through the linked clip, very interesting so far!

Just wanted to say RATMs comment reminded me of a bit of movie trivia. The post-apocalyptic urban scenes in the Vietnam war film Full Metal Jacket, were actually filmed in the east end of London!

movingtospore
Reporter
Reporter
Posts: 699
Joined: Thu, 23 Jul 2009 2:14 am

Post by movingtospore » Thu, 07 Mar 2013 8:08 pm

The interview with Zhang Xin is pretty interesting too.

User avatar
JR8
Immortal
Immortal
Posts: 16521
Joined: Wed, 24 Mar 2010 12:43 pm
Location: K. Puki Manis

Re: Real estate bubble in China

Post by JR8 » Thu, 07 Mar 2013 11:56 pm

movingtospore wrote:This is interesting. Google 60 minutes if the link doesn't work.

http://www.cbsnews.com/video/watch/?id=50142079n

Wonder what would happen to little Singers if China's real estate catches up with itself someday.
Wow.... great link M2S, thanks for posting it.

I think I now understand why the Chinese like gold so much, at least it theoretically holds it value, even taking into account inflation.

But to buy new property (like a new car, it starts depreciating as soon as you drive it off the for-court) in a derelict city (essentially infinite supply, but nil demand), receive no income from it, and in fact have to pay towards it's maintenance each year...

I don't know what to say, except:
- it suggests that there are very very few investment opportunities, if people as astute as self-made Chinese are going down this route.
- I can't see how this can go on forever...


p.s. I laughed at her reference to 'Potemkin cities' :)

[I appreciate some here might not have heard that expression before, so if you're curious, here's a definition:
http://en.wikipedia.org/wiki/Potemkin_village]

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 37 guests