Tuesday, September 13, 2011

28 Million Unsold Properties in China

China's Overhang of Unsold Property Poses "Very Real" Problem
The Chinese surplus – which is about four times the number of unsold units on the market in the U.S. – will be more difficult to resolve because American real estate is more affordable for buyers, said Scott Minerd, managing partner and chief investment officer at Guggenheim Partners.

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