Shanghai municipality in October approved a draft plan that would keep its population within 25 million. Photo: AFP
Shanghai municipality in October approved a draft plan that would keep its population within 25 million. Photo: AFP

What bubble? Experts say extreme distortions in supply-demand are driving up home prices in Beijing and Shanghai

New land supply in the capital is equivalent 12,200 units, compared with 95,000 sold so far this year

Shanghai municipality in October approved a draft plan that would keep its population within 25 million. Photo: AFP
Shanghai municipality in October approved a draft plan that would keep its population within 25 million. Photo: AFP
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