Qingdao

No, this is not a photo from the latest earthquake zone

PUBLISHED : Saturday, 17 April, 2010, 12:00am
UPDATED : Saturday, 17 April, 2010, 12:00am

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A picture tells a thousand words. If you still don't think there is a gigantic bubble brewing in the mainland property market, the reactions of these people should remove any doubt.

Our photo editors initially thought this was a mislabelled wire photo related to the Yushu earthquake. But no, the people here have been queuing for days this week to get on a waiting list for flats being built in the Nan district of Qingdao, Shandong province. Thousands were worried about not getting their hands on the flats before red-hot property prices shoot up even more. If this picture doesn't scare you, nothing will. Beijing has pledged to cool the market. Good luck!