Dear MEL
Topic Readers,
Second-child
policy sparks demand for larger residences
Real estate
market in Chinese metropolitan cities has been on the rise Newly created middle
class who are expecting higher income in the future are the major buyers. They buy
high rise apartments not only for their own home to live in but also for
investment. Thus, everyone is looking for similar properties that are located
in highly popular districts.
Now
there is another boost to this trend. The newly announced second-child policy. Many
of those who earn good money and live in metropolitan cities are planning or
working on making another child. When a family size increases, do does the
demand for space. Therefore, not only the ones planning another child but also
those who are eager to invest on the rising market are buying large space
apartments in good education districts. Consequently, the prices for such
properties are skyrocketing.
Enjoy
reading and thinking of the market dynamics in China.
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