Drop of housing price is the hottest topic on the news these days. I guess this is one of the Olympics after effects, which has happened in a lot of Olympic host cities before.
The Beijing 2008 Autumn Realty Exhibition gave the developers a lot of hope. The government’s new measures aimed at exhilerating market needs brought a lot of visitors. But, not many are going to empty their pockets in the beginning of a decline. Especially when the developers are having headaches more than ever.
People jammed in front of 2nd hand apartment promo section.
Scenes like this used to be very normal in any housing sales center a couple of months ago.
People are applying for bulk orders, the latest popular sales technique that has never generated any sales.
Two elders are being bombarded by the sales rep.
Thanks to the financial crisis, Australian land is being sold here for only 2000 RMB (approx 300 USD) per square meter, 5 times lower than average Beijing housing price.
SunnyHills from the United States, houses are on sale for only 50 to 100 thousand US dollars. Even cheaper than a normal apartment in Beijing. Note when buying houses or apartments in China, you only get 70 years of ownership. It’s like you are just paying a 70 year rent to the government. They give you some compensation and take your house back when they see fit and torn it down, build new houses, and resell it to others. That’s why we have around 10% growth in GDP every year.
It makes the deals from the United States even more attractive since you actually get ownership of the house… and the land… forever!
A promo lady.
Two promo ladies.
Another promo lady.
Hi…u have many great shots here!!anyway, care 2 xchange link with my North Sulawesi blog? I’ve added ur link in my blog.Thx