December 11, 2007
Today’s Oriental Morning Post announces that the so-called most expensive apartments in China, Tomson Riviera, will be asked to cut prices or go rental-only. The Shanghai Real Estate and Land Resources Management Bureau suspects the developers of listing the apartments at artificially-high prices, among other illegal practices. Apartments at Tomson Riviera, located at Lujiazui in Shanghai, are priced at over 100,000 yuan per square meter, sixteen times the average price of housing in Shanghai when they were first listed two years ago.
The front page photo shows Russian President Vladimir Putin and deputy Prime Minister Dmitry Medvedev. Medvedev was anointed by Putin as his favored candidate to in the presidential elections next year.
Other headlines:
- Shanghai Subway Line 1 launched an extention yesterday. In addition, train intervals were reduced to 6 minutes and transportation capacity rose 50%;
- Responding to the two cases of bird flu in Nanjing, the Ministry of Agriculture said that the current situation is not optimistic;
- Chinese physical scientist Qian Xuesen spoke to the public yesterday to dispel rumors about his death. However, this article makes no mention of those rumors.