Real estate firm in hot water (The Mercury)

Real estate firm in hot water (The Mercury)
A HOBART real estate agency yesterday admitted falsely advertising a property as "virtual waterfront". Glendean Investments, trading as PRD Nationwide Eastern Shore, pleaded guilty yesterday to making a false or misleading statement in the advertisement for a Sandford property, east of Hobart.

Analysis: China's Real Estate Sector (Asia Pulse via Yahoo! Australia & NZ News)
China's real estate sector will grow at an annual rate of not lower than 10 per cent in the coming 15 years even under the macro-control policy, said Huang Yu, vice president of China Indicator Research Institute.