THE DISPROPORTIONATE RISE OF CHINA’S REAL ESTATE MARKET
Nicholas Hopper
China Briefing, July 20, 2012
Jul. 20 – China’s real estate market has seen massive development since it’s opening to private investors in the late 1990s. This rapid development, not unlike that seen in the United States before the 2008 crisis, is a risky one for several reasons, which we get into below.
For one, the disproportional value of real estate prices compared to the average citizen’s wages and standard of living has become cause for concern in today’s China. This can be seen when comparing office rental prices across various locations to each country’s GDP per capita, as illustrated by the graph below. aking New York City as a baseline, Shanghai’s ratio is more than eight times as high, Beijing seven, and Guangzhou nearly five.
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3 comments:
Your article is really good it enhancing the awareness about the importance of disproportional value of real estate. Thanks!
aj
No surprise, Its a society with a great and fast development. they are growing in every way.
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