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Thread: Will the cost of housing increase?
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[quote=GUEST16033,256763]It's a funny thing really the price of housing here. I have been living in Xiamen for 5 years now and prices back in 2003 were 2500 to 3000 a m2 and in the past years they have more than tripled. The average price of a second place here is around 10000 rmb /m2 and new is up to 20 thou or more. But what really gets me is I have seen complexes that are 2 or 3 years old now with maybe 20% of the units occupied. Of the places built here it seems the prices keep going up and people must be buying but no one is living in them..........anyways thats my observations of Xiamen at least.[/quote]
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