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
Realtor.com Reports Active Inventory UP 25.5% YoY; New Listings up 14.9% YoY
-
*What this means:* On a weekly basis, Realtor.com reports the
year-over-year change in active inventory and new listings. On a monthly
basis, they report t...
The Chinese sure do love their 热闹.
ReplyDeleteNot even a Japanese invasion could pop this property bubble.