Quote:
Originally Posted by Nlkko
Wow didnt know chinese RE are that expensive. Because they have too many buyers?
Yea you are witnessing a free market where there is little regulation. As soon as regulations are in place (this is not a guarantee, ones need to study the behavior/goal of the regulatory body), then price can come down. Bullish until then.
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China is pretty expensive but I think it's even worse in HK:
Same friend bought in Canada but works/rents in HK:
1br 420ft presale in false creek = 330k bought, worth ~380k now?
1br 450ft new building in wanchai = 8m HKD new,, worth ~10m HKD now (1.7m CAD)
In China its pretty easy to find 800 - 1000 sq.ft places for half of HK prices, though the gap is closing fast especially in Shenzhen