Fueled by 'now or never' view

SHANGHAI: The rush to purchase property in the financial hub of the country, whipped into froth by the prophecy of short supply, has probably never been greater.

A flood of investment earlier this year, triggered by easy credit and expectations of progressive currency revaluation, has fueled a persistent surge in property costs.

With potential homebuyers fearing prices might soar to greater heights in the months to come, purchasing an apartment has become a craze of sorts.