By Vivian Ni
Apr. 4 – Mumbai and Shanghai, as the financial centers of the world’s two biggest emerging economies, have witnessed their property markets go through a similar path over the past decade – seeing an astonishing price surge, experiencing the turbulence during and after the Global Financial Crisis, carrying the similar concerns over housing bubbles that exacerbate domestic inflation, and facing the social sentiment of the masses that cannot afford the expensive properties.
Mumbai is turning into one of the most expensive cities to live in among all the cities in the developing world. And as the Indian government has started to take measures to curb inflation, many property developers are now faced with fund shortages. A number of analysts and economists believe Mumbai’s property market will see an oversupply between 2012 and 2013, and predict that real estate prices will go down in the near future. Similar with India, the Chinese government has also issued a series of restrictive regulations recently in a bid to suppress property prices. However, both the Chinese people and the Shanghai local government do not seem to be very confident that the measures can thoroughly clear the bubble in the housing market. Whether Shanghai’s property market will finally become more affordable to people still remains a question. Continue reading
Dec. 16 – A new study by PricewaterhouseCoopers (PwC) and India’s 