Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (36515)	7/25/2003 5:12:35 PM
From: RealMuLan	Read Replies (1) of 74559

INTERVIEW:Shanghai Luxury Homes Draw Interest -Developer By Ramoncito dela Cruz Of DOW JONES NEWSWIRES ADVERTISEMENT SHANGHAI (Dow Jones)--Despite tighter credit environment and worries of a price bubble forming in China's real-estate market, a local developer recently launched 18 ultra-luxury homes in Shanghai priced around US$10 million each. "We already have interested buyers for at least nine of the villas," said Scott Zeng, president of privately owned Shanghai Deluxe Family Estate Development Co. sg.biz.yahoo.com

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