The Chinese bring their money here to protect their 'legal' wealth from the government and safest is to park it in real estate. That drive the demand and prices. Then the local watch and learn let play catch the wave and make some quick buck. Earlier entry got good ride but late comers got sucked in between they could sit and watch people making quick buck other panicked because they think they may be missing out. Now the stage is set. I trust that those in charge have a good solution or else we might be the trigger for the second GFC.
