I just read this wonderful report from the Wall Street Journal

"Americans, Others
Acquire Luxury Homes
Despite Restrictions

By LORETTA CHAO and JASON LEOW
January 18, 2008; Page W1
Beijing

Once known for drab, government-controlled housing and ancient courtyard homes, China has become a land of multimillion-dollar apartments and soaring property values. And foreigners are trying to get in on the action.

 Real-estate prices in major Chinese cities have been shooting up at double-digit rates year over year, boosted by an economy that has been growing at more than 10% annually. The jump in prices has been so sharp that the government in mid-2006 implemented stricter controls on foreign investment in hopes of reining in housing costs. Still, foreigners keep buying."

To read more please click on the link.

http://online.wsj.com/article/SB120061688989099229.html?mod=homes_left_column_hs

I found this interesting because of the Luxury Home aspect, this is a sign of the future, here is a Communist country where we see capitalist ideology is slowly moving in making way for business. This is an area I will be looking at more closely for investment opportunity.

Have a great day all.