Beware of hot money in Shanghai’s property market

2008-07-22 Shanghai At the 13th Asian Real Estate Society (AsRES) Annual Conference, foreign institutional investors expressed their intent to make continuous investment in China’s real estate market, despite the plunged property market in Shanghai in the 2nd half. A market watcher in Shanghai warns people to keep an eye on the influence of foreign capitals on Shanghai’s property market, as a great deal of hot money has eyed the city’s property market. In addition, statistics from Jones Lang LaSalle show that 8 of the 11 major properties transacted in Shanghai in the first half of 2008 are invested by foreign... [read full story]