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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (17489)	12/2/2004 8:15:14 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

INTERVIEW: Shanghai Ppty Mkt Opening Up To Foreign Cos By Chan Ka Sing Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)--Shanghai's booming real estate market is finally becoming more accessible to foreign players as China's restrictions on property loans and the introduction of public land tenders in its most affluent city opens up a more level playing field. ADVERTISEMENT "We now feel that we can compete head to head with local developers in a transparent market," said Richard David, chief executive officer of First China Property Group, which was the first non-Asian buyer to secure a site in Shanghai in September 2003. Along with selling government land via open tenders, David said another landmark development for Shanghai's property market has been government restrictions on banks issuing property-related loans. sg.biz.yahoo.com