“I heard a proud father boasting to his son over dinner tonight that he had bought FIVE condos recently – including one in the MC2 for grandma (when she arrives) – not sure if it`s for her to OWN or actually live in.”
– Liu Yunshan VREAA 24 Nov 2012 12:47am
Almost requires no comment.
Unless these condos are, on completion, immediately inhabited by family or tenants, this represents a misallocation of resources in the city.
Note he is too obvious a speculator to be classified in the “Spot The Speculator” collection, which is reserved for citizens who are speculating on RE prices largely without even knowing themselves, poor souls.