China’s property prices continue to soar
With unprecedented economic growth, China has become a force to reckon with in the global market. However, as its property prices soar high, so goes the growing concern of an economic bubble burst. “Prices for residential and commercial property rose 11.7pc in 70 cities across China in March, figures from the National Bureau of Statistics showed on Wednesday. ‘The data is bad news,’ Dariusz Kowalczyk, chief investment strategist at SJS Markets in Hong Kong, told Bloomberg. ‘This means that monthly price gains are accelerating again after slowing to a four-month low of 0.9pc in February. Expect further policies to slow the real estate market.”
Read more from telegraph.co.uk
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China continues to attract expats
In these changing times, an emerging figure in the global market comes from the East. Attracting skilled expats for a long time, China is now particularly getting an influx of high tech researchers from the U.S. . “For years, many of China’s best and brightest left for the United States, where high-tech industry was more cutting-edge. But Mark R. Pinto is moving in the opposite direction. Mr. Pinto is the first chief technology officer of a major American tech company to move to China. Western companies are also attracted to China’s huge reservoirs of cheap, highly skilled engineers — and the subsidies offered by many Chinese cities and regions, particularly for green energy companies.” 
Read More from The New York Times
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We take a look at expat news this week:
It’s China, or the Job
“Spouses face difficult decisions when their partners are offered an overseas assignment My work life was one of the many areas in which I was extremely fortunate during my China venture. I was able to maintain relationships with the two magazines I primarily worked for before moving — Guitar World and Slam — while also greatly expanding the scope of my work, as evidenced by the column you are now reading.” Read more from Alan Paul
Foreign firms trim housing budgets
Foreigners working with multinational companies in China will soon find their good old days of staying in high-end, full-service apartments gone as a survey showed that the weakening economy has forced a rising number of multinational companies to review their housing budgets. Over 50 percent of multinational companies in Beijing are considering reducing their housing budgets, according to a research released yesterday by UK-based real estate advisor Savills. The 2009 China Corporate Expatriate Housing Budget Report interviewed more than 400 multinational companies from different industries currently operating in Beijing, Shanghai, Guangzhou and Shenzhen. It highlighted the expatriate housing budget trend in China. Read more from: China Daily
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American expat in Singapore in top 16 for “best job in the world”
SINGAPORE: An American expat in Singapore is one step closer to clinch what is touted as the “best job in the world”. Grey Reynen, 31, has made the final shortlist of 16 candidates. The physical education teacher was clearly overjoyed when he received the news on Friday morning. He said: “I had like a good feeling about it, I thought I was going to get it. So I was waiting and waiting… I was getting nervous, and finally the phone rang with a plus 61 country code. I think (from) Australia! “(The caller) went, ‘Hi Greg, this is Minister from Queensland Tourism Board. Congratulations!’ I said yes! Whoo!” The contest is organised by Tourism Queensland, Australia. The six-month job involves being the caretaker of the islands of the Great Barrier Reef. Leong Pik Yin, marketing communications manager, Tourism Queensland, said: “They’ll get to experience and explore the island in the Great Barrier Reef. They will do various types of activities, maybe like sailing, hiking, snorkling the Great Barrier Reef. “And then they are supposed to write about it in blogs, take photos and videos, we will see how they perform in those tasks. We will also see how they interact with the locals.” Read more from Channel News Asia
China, Expat, expat jobs, expat package, expat relocation, expatriate, Housing, Jobs in China