Alarm bells are ringing on China's property bubble

China’s biggest real estate developer believes his country’s housing construction frenzy has reached its peak. Now it's just a question of how big the correction will be.

Before the burst of the Japanese real estate bubble in 1990, Tokyo's total land value was about $US4.1 trillion, or 63.3 per cent of US GDP. When Hong Kong’s apartment prices crashed in 1997 the land value for the city was about $US5.7 trillion, or 66.3 per cent of US GDP.


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