2012-10-26

China real estate news: group spend 100 million yuan to buy 616 apartments in Guiyang

The headline uses an idiom that means "something malevolent comes back haunt," it literally translates as the ashes burning again. The story is about a real estate speculating group (made famous by the Wenzhou groups), investors who pool their money to buy property. Is the monster back or is this the last gasp of the bubble? Second and third tier cities aren't as bubbly as Beijing and Shanghai, but this story is getting a lot of play regardless.

“炒房团”死灰复燃 富豪掷1亿贵阳买616套商业公寓

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