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
SFC suspends dealings in Tianyun (6836) shares over massive missing
corporate funds
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Source: SFC | Source date: 15-Apr-2024 20:01
The Chinese sure do love their 热闹.
ReplyDeleteNot even a Japanese invasion could pop this property bubble.