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I’m in Asia right now. And I can tell you firsthand that things here are far more vibrant than most in the West seem to think.
In a small, luxury housing development just 15 minutes from Bangkok’s bustling Sukhumvit Road, 12 of the 19 $750,000+ homes have sold in just six months, and prices have jumped more than 15 percent since then.
Along Sukhumvit Road in the heart of downtown Bangkok, three new hotels are under construction and two new condo developments have sold out in just two months.
In Singapore, a short, two-and-a-half-hour flight from Bangkok, real estate prices are turning up and residential construction activity is bustling, soaring nearly 20 percent in the second quarter.
In China, more than 275,000 construction projects are now under way, the result of China’s incredible rebound and virtually non-stop economic growth. Continue reading
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