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Old 04-03-2011   #1 (permalink)
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Dragon Mart Cancun

This will be the largest Chinese community in Mexico, with no less than than 5.000 inhabitants. More than $150 Million US to be invested.

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Old 04-03-2011   #2 (permalink)
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Originally Posted by Opatije View Post
This will be the largest Chinese community in Mexico, with no less than than 5.000 inhabitants. More than $150 Million US to be invested.

More...here
Interesting....especially in light of the fact that Mexico has always been very protective about flooding its markets with cheaper Chinese goods. Import tariffs on many items are very high. And all of this by November of 2012? Sounds like a good opportunity to try and push real estate to me and not much else..
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Old 04-03-2011   #3 (permalink)
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Maybe they can save some money by moving into the largely empty Chinese themed mall in Cancun where Hong Kong restaurant is located. There are many other failing properties around it that can easily house 5000 people.

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It also seeks a revaluation of the land as happened in Dubai, where the price of the properties adjacent to the Dragon Mart in the city increased to 500 times its original cost in 2004.
Right, Dragon Mart is what made Dubai property values skyrocket.
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Old 04-03-2011   #4 (permalink)
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Huh-not what you would expect in Mexico! Sounds like an interesting concept.
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