Previously it was thought the most important economic cities of Asia in 2003, Shanghai has again become a vibrant and vital city. He became the leading center of commerce, finance and transportation in China and a major manufacturing center. One result of the new-found wealth Shanghai has been rapidly growing property market. Shanghai property market went through ups and downs in 1990 and 2003 in the midst of another rise. However, by the end of 2003, some analysts fear that the housing market was overheating and that the "bubble" was perhaps in the near future. As the largest group nonmainland Chinese investors in the property market in Shanghai, Hong Kong-based developers were responsible for some of the biggest events in the city. Some of the developers, including the massive projects in the process, become cautious market conditions in Shanghai. Issues facing them was how the market will evolve and how they can best position themselves for the future. "Hide
by Michael Enright, Vincent Mak Source: University of Hong Kong, 32 pages. Publication Date: May 24, 2004. Prod. #: HKU326-PDF-ENG
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