The issue of high price for housing shield at Hangzhou

China
December 8, 2006 6:44am CST
None of natives of Hangzhou could imangine so far how valuable their houses are at hangzhou! The issues of housing shield has become extremely spectative as regards to the statics from the bureau of authority. In last 2005, the average of unit price for new-built commercial house is RMB8900.00, EQUIVALENT TO ALMOST USD1100.00. However, the hijacking of price benefits from the rising exchange rate of rmb to u.s dollars. Therefore the overseas capital outside mainland of China will continuously enter into the beautiful scenery city-Hangzhou. However, those 80s' baby booms will likely be optimistic about the future housing market here. Would you have some ideas or advise to them?
1 response
• China
1 Apr 07
U can live in the suburb of Hangzhou. The air is extremely fine. And the traffic is not so inconvenient.