Last:0.031    -0.001

Ying Li

we must ask this Question:

is it because JAMES JANOS's hedge fund  TOTALLY  missED  the PROPERTY  PIES ? ? ? ?

SINGAPORE  &  HONG KONG's  PROPERTY  PRICES  are  WORST  THAN  CHINA.

SINGAPORE  PROPERTY is  the  BUBBLEST  because  SINGAPORE  has numerous PROPERTY SLAVES  but  nOt PROPERTYAIRES.

PROPERTY  PRICES  HERE  ARE  INFLATED  BY  LAND  MONOPOLY.

BEWARE   AWARE   SCARE   CARE 

SINGAPORE CANNOT AFFORD THE BOSS CLUB  BECAUSE PROPERTY  SLAVES  HAVE  NO  SPENDING POWER.

FOR  THE  SAME  REASON,  RWS  IS  NOT  DOING WELL  UNTIL  FOREIGNAIRES  ARRIVE.

this  is  where  FOREIGN  TALENT  in  the  form  of  FOREIGNAIRES  ARE  NEEDED   BADLY.

yummygd      ( Date: 09-Apr-2010 09:44) Posted: Got this from Businesstimes. I agree that it will burst but this year??Hopefully not so fast. China bubble will burst this year: Chanos 'They can't afford to get off this heroin of property development. It is the only thing keeping the growth numbers growing.' - James Chanos The world's third-biggest economy may need to keep up the pace of property investment because up to 60 per cent of its gross domestic product relies on construction, Mr Chanos said. The bubble may begin to 'run its course' in late-2010 or 2011, he said in an interview on The Charlie Rose Show that will air on PBS and Bloomberg TV. China is 'on a treadmill to hell', said Mr Chanos, who said in January that the nation is Dubai times a thousand. 'They can't afford to get off this heroin of property development. It is the only thing keeping the economic growth numbers growing.' Property prices in China rose at the fastest pace in almost two years in February even after officials this year re-imposed a tax on homes sold within five years of their purchase to curb speculation and ordered banks to set aside more funds as reserves to cool lending. The boom in China's real estate has fuelled concern that China may face a collapse seen in Dubai that has hurt the ability of some of its companies to repay debt. Since his January prediction, Mr Chanos, the founder of Kynikos Associates Ltd, has been joined by Gloom, Doom & Boom publisher Marc Faber and Harvard University professor Kenneth Rogoff in warning of a potential crash in China's property market. Chinese state and local governments are among the most leveraged to property-related borrowings and the nation will 'ultimately' have to nationalise a lot of the bad loans that will arise from the end of the bubble, Mr Chanos said. China's foreign currency reserves will be 'one asset' that can be used to fund a clean-up of the banking system, he said. The country has accumulated a record US$2.4 trillion of reserves, and US$889 billion of US government debt, partly a consequence of its exchange-rate policy. Mr Chanos was one of the first investors to foresee the 2001 collapse of Houston-based energy company Enron Corp. The investor said that he is short-selling Chinese developers as well as companies supplying building-related materials to the country, without identifying any stocks. In a short sale, investors bet on declines in securities by borrowing   (SINGAPORE) China's property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos.

CHONG QING has 323 Very Important City Projects in 2010.

Check the Chinese  CHONG QING webpage.  

I watched the  CNA news on  TV this morning.

I did not get it from the internet.