On Squawk Box this morning, Jim Chanos reiterated his call for a major Chinese real estate bust on the horizon.
One eye-opening stat: There’s currently 30 billion square feet of Chinese real estate in the works, which would work out to a 5x5x5 cubicle for every man, woman, and Child in the country.
Yeah, that doesn’t sound good.
See CBRE’s latest stats on the Chinese real estate market here >
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See Also:
- CBRE On Chinese Real Estate: Slackening Rents, Rising Vacancies, Investment-Driven Homebuying
- Why Shanghai Real Estate Is The Most Obvious Bubble Ever