Saturday, June 27, 2009

Building Collapse

Just saw in the news that a new residential high-rise building in Shanghai collaped, causing one dead.

Looking at the scenes on TV, the building's foundation looks very weak. Most probably it is just another one of those poor quality building project.

It is scary to know that flats at that building was selling at RMB10,000/sqd meter (~US$1400.00/sqd meter), and it is considered to be a higher class residential property.

With all those negative news, how can one have trust or confidence in China? Sigh...

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