China's house prices have surged sixfold in the past 15 years

greentiger

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Read in the papers this morning.

If true, it is simply amazing.

Anyone can confirm that? (can't seem to find the information on the internet)


 

iamcat

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Should be true in tier one areas. Country x only opened up in 1990-2000 before that ppl were eating their kids and mass famine.

But their houses 99% got problems one. So pay high price for low quality unsafe product that may kill you. Sounds like country x to me.
 

chekchek

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True lah. 15years ago many live in village. Now in order to get a bride parents have to buy house for their child. So basically 3 person paying for it. If not rich enough girl side chip in
 

Moonoomoo8

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Read in the papers this morning.

If true, it is simply amazing.

Anyone can confirm that? (can't seem to find the information on the internet)


you just woke up or what? property prices in big cities in China have surged 10 folds, this is why Chinese are so rich can buy a few properties in Canada, Australia, US, Britain, Japan and Korea with cash, no housing loan is needed. Despite their average salary is still low, they are many times richer than Sinkies. Just sell their apartment in Beijing inner ring, can cash out and buy 2-3 landed properties in Australia already.
 

eeLoyH

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Read in the papers this morning.

If true, it is simply amazing.

Anyone can confirm that? (can't seem to find the information on the internet)


Depending on the areas rifht? Their pay didn’t go up by 16 times and also if property was so awesome evergrande wouldn’t have failed.

are you mocking china for once?
 

Darkorochix

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Depend on location, got relative last time we visit give them money buy house.
Last year govt took over their house compensate them with new house and 500k sgd.
 

Moonoomoo8

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such abig country with vast amount of land can increase 6 times. crazy


Sent from EDMWER app!
nothing to do with big country, in big cities thrir living spacs are snsller than ours, garment gave each household s few million as compensation to chase them out of CBD to live in suburbs since MRT network can reach out far far away, as a result many become rich snd trade properties to push up the prices skyhigh.
 

Moonoomoo8

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Depending on the areas rifht? Their pay didn’t go up by 16 times and also if property was so awesome evergrande wouldn’t have failed.

are you mocking china for once?
their pay are still lower than us but they are property rich, many no need to work, property price in big cities are more expensive than that in Spore and HK.
 

iamcat

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you just woke up or what? property prices in big cities in China have surged 10 folds, this is why Chinese are so rich can buy a few properties in Canada, Australia, US, Britain, Japan and Korea with cash, no housing loan is needed. Despite their average salary is still low, they are many times richer than Sinkies. Just sell their apartment in Beijing inner ring, can cash out and buy 2-3 landed properties in Australia already.
maybe somewhat true in the past due to real estate bubble

if u dont get scammed or die due to the low quality of housing

but bubble has burst so now we will see the same amount of ppl go bankrupt and lose money etc
 

Moonoomoo8

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Depend on location, got relative last time we visit give them money buy house.
Last year govt took over their house compensate them with new house and 500k sgd.
used to be 5-8 million per household now drops lower.
 

Moonoomoo8

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maybe somewhat true in the past due to real estate bubble

if u dont get scammed or die due to the low quality of housing

but bubble has burst so now we will see the same amount of ppl go bankrupt and lose money etc
the bull run almost comes to the end after 2 decades, many Chinese cashed out and migrate overseas, and Sporeans didn’t even notice that until the party is over.
 

Wife Beater

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Depend on location, got relative last time we visit give them money buy house.
Last year govt took over their house compensate them with new house and 500k sgd.
Then did they give you any share out of the 500K SGD and new house?
 

eeLoyH

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their pay are still lower than us but they are property rich, many no need to work, property price in big cities are more expensive than that in Spore and HK.
It depends right, cause unless you already own a property in tier one cities now there’s no way you can earn 16x more.

So what ts is saying is property prices outpace income growth by many times making it unaffordable.
 

Moonoomoo8

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Land prices in some cities such as Xi'an were actually artificially inflated by the government. The government imposed a price floor.
in big cities people can’t afford living in landed, mostly live in apartments.
 

SecretAgent

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Should be true in tier one areas. Country x only opened up in 1990-2000 before that ppl were eating their kids and mass famine.
But their houses 99% got problems one. So pay high price for low quality unsafe product that may kill you. Sounds like country x to me.
yes 75yrs irrc.. but their quality not up to that.
2 mths back Shenzhen saga twr swaying their own structure engineer come our scold too..

say compare to other countries. their buildings are all problems with cost vs profit pressed to see straw thin.

Simply means... that million dollar apartment won't last you even 30yrs if you're living there! Potential time bomb when the thing decaying and falling apart.
 

iamcat

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the bull run almost comes to the end after 2 decades, many Chinese cashed out and migrate overseas, and Sporeans didn’t even notice that until the party is over.
its not a bull run its a unsustainable bubble based on very low quality unsafe housing
 
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