China's real estate market up 69 percent in 2006: report
Now, that's what I call a real estate boom. And this report just covers commercial real estate. The same sort of thing is happening in residential, where you find enormous numbers of the Chinese equivalent of common interest housing, including private management companies.

Transactions in China's real estate market surged 69 percent in 2006, funded to a great extent by foreign investment, a leading research firm said Wednesday.
"There is increasingly more investment going into industrial property," Kenny Ho, a Shanghai-based head of research with Jones Lang LaSalle, a real estate money management and services firm, told AFP. Despite government measures to cool the real estate market, China's heady growth in the past and strong potential for the future have made it "a magnet for cross-border investors," said a report by the firm.