Will Bubbles Burst in 2008?

Will Bubbles Burst in 2008?
Aug 9, 2007 04:58
LEOPOLD219 Points: Join Date: Feb 7, 2007 Status: offline	The one Year countdown to Olympic was celebrated last night at Tian'anmen Square. What are the most significant impact that Olypic Games has brought on Beijing's economy. One of the most obvious is the skyrocketing housing price. In some locations near the Olympic venues, the housing price increased to 5000 Yuan--18,000 Yuan per sq meter. Beijng's real estate market is overheated. It abounds with bubbles. Will bubbles burst in 2008? Will 2008 become an inflection for Beijing's real east market?

Aug 9, 2007 04:58

LEOPOLD219
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Join Date: Feb 7, 2007
Status: offline

The one Year countdown to Olympic was celebrated last night at Tian'anmen Square. What are the most significant impact that Olypic Games has brought on Beijing's economy. One of the most obvious is the skyrocketing housing price. In some locations near the Olympic venues, the housing price increased to 5000 Yuan--18,000 Yuan per sq meter. Beijng's real estate market is overheated. It abounds with bubbles. Will bubbles burst in 2008? Will 2008 become an inflection for Beijing's real east market?

Aug 9, 2007 13:44

GRIZ326
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Join Date: Jun 12, 2006
Status: Offline

All bubbles burst eventually.

Already major corporations are moving portions of their operations out of Beijing because Beijing office rent and wages are too high compared to other places in China. I know my company is doing that. According to my co-worker in Beijing, we are not the only corporation moving away from the capital. Of course, sales & executive offices will remain in Beijing, is is the other departments moving to less costly operating locations.

Aug 12, 2007 23:05	#2
MIRANDAZHAO Points: Join Date: Feb 7, 2007 Status: Offline	GRIZ326, well put. "All bubbles burst eventually." Is your company moving out from Being only because the high office rent and wages? Well, Beijng also has many advantageous factors for business development such as more clients from different countries and more high-level talents than elsewhere in China.

Aug 13, 2007 01:49	#3
YVONNE Points: Join Date: Nov 29, 2004 Status: Offline	Personally, I do not think the bubble will burst in 2008. On contrary, it will make the bubble bigger and bigger. The real estate will get more overheated just as the stock market when Beijing Olympic Games kicks off.

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