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Thread: Buying an Apartment in Sanya-BEWARE!
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[quote=GUEST64638,357340]Hang on to your money everybody...within the next 6 to 8 months realtors will be dragging you in off the street begging you to buy.They will be selling luxury seaside condos at firesale prices! Sales at new real-estate starts are down 50% from this time last year.Many projects are on hold waiting for an influx of cash that just isn't coming.Worksites have been abandoned as capital dries up. Not true you say....Sanya is no more immune to the Chinese real-estate meltdown than Beijing..Shanghai or Shenzen.Questioned about new purchases,sales agents only reply with worried smiles. If the housing market can collapse overnight in the U.S. What makes you think it isn't going to happen here where the bubble has been ready to burst for more than 2 years only proped by influxes of government cash which just isn't there anymore![/quote]
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