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Thread: Will the cost of housing increase?
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[quote=CLAUDIUS,257264]Yeah, this is what happens when the people are gaining wealth and jumping onto the bandwagon on house hunting. Statistics in 2005 showed that property is the most pursued after and invested in (second is education), and this is taken from survey conducted on everyday people on the street. In Jingzhou, Hubei, there is this cluster of new apartments just next to the central square in the city, and during the night, you can probably see about 5 apartments with lights on. This is 5 out of perhaps a thousand units in six 30 storey blocks. Guess what, it is almost half sold despite the fact that it is still contructing and valued at three times the price of a neighbouring estate.[/quote]
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