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Despite “Concocting” Names, China Is Still Hot

Chinese Real Estate Market Update

The housing boom in China has been characterized by singificant price growth this year. Housing prices in Beijing grew 20% in first 8 months of the year [People’s Daily]. [1] Government forecasts are for more of the same for the remainder of the year [People’s Daily]. [2]

Developer’s have been more creative in their marketing, or as an official Chinese Newspaper describes it as “concocting” westernized names for their developments but some have been pressured [People’s Daily] [3] to drop their names and appeal more to local culture.

Shanghai is still the hottest real estate market in China. Prices of “second-hand” housing grew faster than new housing [People’s Daily]. [4]