KCSM Asia Insight October 15, 2016
Become the most expensive in the world. Investors who have given up on stocks have returned to real estate investment. Prices of newly built homes in 70 Major Chinese cities, have surged up to 60 in the last 12 months. Somehow beijing is so costly, buyers cannot be found. Property prices have gone up by more than 500 u. S. Dollars per square meter in just over one year. The closer you get to central beijing, the higher the prices. The pricing units are almost 15,000 per square meter. The surge in crisis has made it challenging for people to buy their dream home. Many are moving to the suburbs,...