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Beijing, Shanghai, Shenzhen house prices rise 30-40%; China house prices going ballistic
Topic Started: 9 Oct 2016, 11:57 PM (554 Views)
Elastic
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Beijing, Shanghai, Shenzhen house prices rise 30-40%

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After a relative lull last year, house prices across major Chinese cities such as Beijing, Shanghai and Shenzhen have experienced tearaway growth of some 30 to 40 per cent in 2016, despite already boasting the world's most expensive homes on a price-to-income basis.
In China, real estate prices are typically quoted on a per square-metre basis. Prices in central Beijing conservatively start at 80,000 yuan [about $16,000] per square metre, making even a nondescript, 100-square-metre, two-bedroom, previously owned apartment $1.6 million. New off-the-plan apartments within the city's fourth ring road sold in August for an average 15 million yuan, or close to $3 million, according to Chinese media reports. Across the country, prices rose in 64 of 70 major cities that month, according to official government data.



We are talking about high rise dog boxes here.
Really fascinating to read this article. Combined with the rapidly rising debt in China it is hard to imagine this ending well.
I have no doubt that there are smart people running China's economy but do they have this under control?
Just seems to me that this is going to end very badly and the repercussions are going to be global.
Only a rat can win a rat race.

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Rufus
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Elastic
9 Oct 2016, 11:57 PM
Beijing, Shanghai, Shenzhen house prices rise 30-40%





We are talking about high rise dog boxes here.
Really fascinating to read this article. Combined with the rapidly rising debt in China it is hard to imagine this ending well.
I have no doubt that there are smart people running China's economy but do they have this under control?
Just seems to me that this is going to end very badly and the repercussions are going to be global.
Who owns the banks in China?
Take risks - if you win you will become wealthy, if you lose you will become wise
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Ex BP Golly
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Elastic
9 Oct 2016, 11:57 PM
Beijing, Shanghai, Shenzhen house prices rise 30-40%





We are talking about high rise dog boxes here.
Really fascinating to read this article. Combined with the rapidly rising debt in China it is hard to imagine this ending well.
I have no doubt that there are smart people running China's economy but do they have this under control?
Just seems to me that this is going to end very badly and the repercussions are going to be global.
Same for dog boxes in Sydney:
http://www.dailytelegraph.com.au/news/nsw/nsw-real-estate-dilapidated-homes-the-new-trend-as-this-spring-is-quietest-home-sale-period-on-record/news-story/7208ca0e8ae316efacb8566dba0dbbba
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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hidflect
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Has anyone posted this video yet? Hilarious..

Chinese housing market frenzy: shocking scene at the opening of a new real estate in Hangzhou
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Ex BP Golly
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Rufus
10 Oct 2016, 12:07 AM
Who owns the banks in China?
As with Australia: Corrupt criminals.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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