2014-07-31

You Can See Why Developers Are Optimistic: 2000 Panic Buyers

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

1 comment:

  1. The Chinese sure do love their 热闹.

    Not even a Japanese invasion could pop this property bubble.

    ReplyDelete