Foreign capital has been interested in Shanghai office buildings recently. China Business Daily reports that international funds have been making their purchases for surprisingly low prices. The latest objective, the Haiyin Building in downtown Shanghai, is being sought after by several funds from the US and Australia.
The funds are reportedly talking about prices of up to 30,000 yuan
(US$3700) per square meter for the building, but an industry insider
estimates that the final price will be no more than 10,000 yuan
(US$1230). Office space has been acquired cheaply by

You are currently reading 89 words of 270 total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
C-M-O-D-O AUTHENTIC SITE PayPal
@2014 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate