It ain't uncommon for Chinese officials and bizmen to have a mistress or two. In fact, one recently convicted dude kept 18! That's a lot of apartments and has bolstered the housing economy per Aeon! Lotsa these women are from the boonies and are installed into pied-a-terres near their sugar daddies' home/work. It was estimated in 2010 that 200,000 mistresses were living in Beijing alone.
How is this possible?! Safety standards are lax, materials are cheaper and undocumented underpaid migrant workers work 24/7. Oh and "Chinese construction projects are prone to bribery and corner-cutting, and the resulting structures typically do not last very long".
Rags to Riches Real Estate Mogul is 7th Richest Self Made Woman in World, is Married & Looks Great...Can You Really Have It All?!
CNN spotlights property magnate Zhang Xin. How does she do it?! Teach us!
Zhang Xin grew up in poverty and at the age of 14 began a laboring job in a factory. Today, she is richer than Donald Trump, Steven Spielberg and Oprah Winfrey. Zhang, a Chinese real estate developer, is the seventh richest self-made woman in the world, worth $3.6 billion, according to Forbes. She's worth $800 million more than Oprah Winfrey, the world's best known self-made female billionaire.
China Erects New Building for Its Official Newspaper. But why Is it a Wee-Wee?! (Warning: Graphic Pix)
Bust out your coconut bra or Mu'u Mu'u! I'll be speaking in sunny Honolulu for the Asian Real Estate Association of America's 2013 Global Summit alongside my friends below! Can't wait to see you all!
Somebody be trying to prove something...Honestly boys, just whip it out, measure and get it over with, o-KAY?!?! LOL!
From afar they look like cool wallpaper but up close it's anything but cool. It is tragical & ironic that in one of the wealthiest cities in the world, 47.7% of Hong Kong city residents must live in public apartments (government subsidized housing) because they are unable to purchase private housing. What is worse is that only 6.8% of Hong Kong land is devoted to housing use for 7.07M denizens! The rest of Hong Kong can be developed but the powers that be have prevented that. There is some major socio-economic political shadiness going on. ChinaSmack explains.
MSNBC highlights the top 10 cities with fastest growing global real estate markets. Asia dominates 1/2 the list with Singapore, Malaysia, Taiwan, Hong Kong & China. I ain't trying to hate on the motherland, but something is suspect. Hong Kong & China are #2 and #1 with 93% and 111% growth, respectively. But Israel is #3 at 53%?! The difference is just too wide. I hate to burst their bubble, but a bubble is brewing in China/HK!