7B Urbanization 14.tif

Landscape of older building rooftops looking towards Pudong skyline.  These buildings will disappear eventually because the property is just too valuable.  For the moment, however, the govt. has cooled the housing market by imposing a 20 percent resale tax.  Shot from 1931 Villa Hotel, 306 Guangdong Rd. +86 21 5158 8666

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