| The article assumes that most buyers are locals or mainland Chinese. Is that really the case? I regularly see SH properties advertisements in the local Chinese channel (KTSF) here in the SF bay area. In the SH market, I'd assume there to be a good majority of Chinese immigrants (in US and other countries), Taiwanese, Hong Kongers, Singaporeans, Japanese, Koreans, Indonesians etc. I'd think there should be a good portion of foreign investment in SH real estate that has flowed in rapidly and that may flow out just as rapidly (Re: Hong Kong, Singapore, Malaysia, Thailand real estate market crashes during the Asian crisis)...and of course, this time may be different. |