Image of today: The most expensive apartment in Shanghai…
Monday, December 10th, 2007
Photo courtesy of Shanghaiist
This is an old image, and stories about Tomson Riviera, the 110,000 RMB/sq. meter apartment in Shanghai have been online since 2005 (read here and here).
Today, an investigation result about Tomson Riviera since June 2007 was released: Shanghai real estate and and department has ordered “Tomson to sell at a reduced listed price or put all its properties out to lease”. This is a strong action in the move to cool down the over-heated real estate marketing in China. What’s the government’s next movement?
Grigo