it's a great time to buy in China!
Unbelievable! The deals on Chinese real-estate are better today than they've been in a long while. Hurry, buy now before the prices shoot up again!
http://www.economist.com/finance/displaystory.cfm?story_id=11024351
In Shanghai, for example, many developers have retained the list price for units but are offering "rebates" which can take 10% or more off the purchase price. Numerous units are being held off the market in the hope of a recovery. Worst affected are the big cities of southern China, notably Shenzhen, which only a year ago was an extremely hot market. The average price of flats in the city has fallen by 28% since October. There are reports that the value of some may have dropped by half, a decline on a par with some of the worst-hit parts of America. The areas around Beijing have been more resilient but the rate of appreciation has clearly slowed.
http://www.economist.com/finance/displaystory.cfm?story_id=11024351