This is the crowd that showed up to buy housing in Hangzhou once the buying restrictions were lifted. Vanke is selling a new property in Yuhang district of Hangzhou.
It is worth noting that Yuhang has a housing inventory that is well over half of Beijing's, but its population is less than 2% of Beijing's. All of Hangzhou has a population roughly one-fifth of Beijing's.
More photos at the link. The third photo shows all the homes sold out.
杭州房子随便买 楼市再现“日光盘”遭2000多人抢购
Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
The Chinese sure do love their 热闹.
ReplyDeleteNot even a Japanese invasion could pop this property bubble.