Sales have plummeted. In Beijing, nearly two years' worth of
inventory is clogging the market, and more than 1, 000 real estate agencies have closed this year. Developers who once pre-sold housing projects within hours are growing desperate. A real estate company in the eastern city of Wenzhou is offering to throw in a new BMW with a home purchase.a href="http://www.datingmum.com/speeddate.html" style=color:#FFFFFF; text-decoration:none; font-weight:normal;">Speed Dating HK
The swift turnaround has stunned buyers such as Shanghai resident Mark Li, who thought prices had nowhere to go but up. The software engineer closed on a $250, 000, three-bedroom apartment in August, only to watch weeks later as the developer slashed prices 25% on identical units to attract buyers in a slowing market.
Outraged, Li and hundreds of others who paid full price trashed the sales office, scuffled with employees and protested for three days before police broke up the demonstration. Walking away now would mean losing the $75, 000 down payment that he borrowed from his working-class parents.a href="http://www.blogster.com/felicity520" style=color:#FFFFFF; text-decoration:none; font-weight:normal;">vampire kingdom amour
"I still haven't told them, " Li, 29, said of his home's plummeting value. "It will just make them worry, and it's already too late."
a href="http://tommy-je-suis-ici.wallinside.com/" style=color:#FFFFFF; text-decoration:none; font-weight:normal;">higher better enjoyment