Dorian Price Vs. Lu Jian Tsao (China) Sanda Tournament weigh in Philippines
Dorian Price competed in the 4 man Sanda tournament in the Philippines resort World Manila. Facing tournament Vice Champion Lu Jian Tsao in the ...
Land Led Decline in China's Housing Markets
Still Too HighEven though housing prices in Shanghai dropped the most, prices remain extremely high in some areas and refuse to adjust. In the Jiali Huating area, located in the inner circle of Shanghai, the average price for apartments of the second phase project is as high as 120,000 yuan/sq meter as of Jan. 27, 2012. (source: jialihuating.soufun.com) The apartments are in high rise buildings. At the current exchange rate of 6.3138 yuan/dollar, the average price is equivalent to $1,766/square foot, which is 17 times as much as for the average housing price of $101.3/square foot in the United States. (The average U.S. house cost $242,300 in October 2011, and the average size of a U.S. house was 2,392 square feet as of 2010.)
However, even though they are so expensive, such apartments in high rise buildings are pretty hot. Three hundred and seventy-four such apartments have been sold. In fact, prices for such luxurious apartments rose 50 percent in December 2011 from the previous month!