Cities with the highest housing inflation in 2013

| March 11th, 2014

Housing prices continue to rise quickly in China. According to data from City House.cn, 14 major cities experienced increases of over 10% in the price of housing from February 2013 to February 2014.

Some of those increases happened in the usual places: Beijing, already the most expensive city in China, experienced a 14.6% increase, and the coastal city of Xiamen experienced a 15.1% increase, the fourth highest for the year.

Other hot markets are less well known: Langfang, Hebei province; Liuzhou, Guangxi; […]Read more…

Journalists threatened during farmland issue investigation, police refuse to help

| May 19th, 2011

From Xinhua News:

Local farmers hold banners to require government to give back their farmland

Three Xinhua News Agency journalists were threatened during an investigation of farmland transfer issue in a place in Hebei Province just 40 km away from Beijing three days ago. To their surprise, the local police turned down their request when asked for protection.

The journalists came to Xianghe County in Hebei province to investigate the farmland transfer issue which was reported by the local villagers. Upon their arrival, […]Read more…

How long does it take you to buy this home?

| June 30th, 2010

In the traffic congested city streets, an advertiser was busy handing out flyers for the newly constructed condos. “Beautiful homes, starting at 29,800 yuan per square meters”, one flyer ended up in the hands of a cab driver who was waiting in traffic. He looked at the flyer and thought “It takes 125 years in order to buy this home”. That made his nose bleed.

A young man got into the cab and picked up the flyer on his way to […]Read more…

China’s new rich set trend buying luxury homes in California with cash

| May 17th, 2010

From World Journal, Los Angeles:

Mr. Chen had been renting and living in a 2 bedroom house in South Pasadena, California for many years, recently he was forced to move because his landlord sold the house for 525,000 dollars (short sale). Friends from mainland China asked him why, he always responded angrily, “All you mainlanders are too rich, buying houses with cash, causing me to move!”

As China’s economy rises, a group of China’s new rich with abundant cash funds appeared […]Read more…

Housing developer dragged sleeping residents out and torn down the wrong home

| May 15th, 2010

(From dahe.cn) "We were sleeping when a group of people broke in and dragged us out, next moment our house was bulldozed flat with computer , freezer and everything still in it." cried a woman crouching in front of the ruin of her home with her son still searching his textbooks among the rubbles. It happened at 5 in the morning on May 13rd. Later that day it was revealed that the house was not up for demolition yet, and […]Read more…

Most constructions in China only have life span of 25-30 years?

| April 11th, 2010

From SouFun:

Mortgage slaves work hard for half of their lives and save up for the down payment, then work hard for the rest of their lives to pay off the loan. Finally when they can relax and live as home owners, they never have thought that when the mortgage salves are not yet old, the homes are already old, not only old, but also rotted, most of them become the subject for demolition. This is the reality of what currently […]Read more…