www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / View

Planning to invest in homes outside key cities? Think again

By Huang Xiangyang (China Daily) Updated: 2016-02-05 08:19

Planning to invest in homes outside key cities? Think again

Homebuyers at a real estate promotion event in Hangzhou, capital of Zhejiang province. [Long Wei/China Daily]

Nearly five years ago, I made the biggest investment decision of my life-to buy an apartment.

Of course it was not in Beijing. Housing prices in the capital city had already skyrocketed to a jaw-dropping level far beyond the purchasing ability of a wage-earner like me, but they constantly served as a reminder of my foolishness of not having forecast the trend. In a matter of years, property prices in the community where I lived had surged by around seven times.

If I had had any prophetic vision, I would have been able to retire now sitting on my ballooning property wealth, I often thought. The feeling of contrition kept nipping my heart with such an increasing intensity that I finally felt compelled to make up for it-by buying a property elsewhere.

My target destination was Kunming, capital of Yunnan province. Not only because it is my wife's hometown, but also it is considered a niche market. Often called "the city of spring", it is a tourist mecca famous for its pleasant weather and eternal greenery, as well as clean and fresh air. And the price for an apartment in a high-end community in the downtown area-well furnished and in a get-your-baggage-and-settle-in state-is only around 10,000 yuan ($1,540) per square meter, or a quarter of that in Beijing. What a bargain.

So in the summer of 2011 I was ready to dig the first bucket of gold in my life. As if I had put on the red shoes in one of Hans Christian Anderen's fairy tales, I found myself in an unstoppable mode, carried away by passion searching for a buying target, negotiating over discounts, arranging for payments, and finally, signing a deal.

The 90-sq-m apartment I bought is in the second phase of a mature community project just a few kilometers from the city center, with supermarkets, schools, a cinema, a small park and many bus routes nearby. I chose it because I kept in mind the No 1 rule in real estate: "Location, location, location".

I had sown the seed, and was waiting to reap my fruits of fortune.

In the following years, I have become an avid watcher of housing prices. The timing of my investment was good. Nationwide, housing prices have kept rising, but noticeably only in Beijing and other first-tier or coastal cities such as Shanghai, Guangzhou and Shenzhen. As for my investment, the gain has been even lower than fixed deposits at banks.

It might take some time for the ripple effect of housing price rises to spread from major cities to a third-tier one like Kunming, I thought. Yet my hope was dashed with the completion of many more housing projects surrounding my community, each offering more attractive prices. I had to resort to Rich Dad, Poor Dad to get some comfort. "Keep your daytime job, but start buying real assets," I read. But isn't that just what I have done?

So have many other people.

My foot masseur told me proudly one day that she had just bought an apartment in a county in Gansu province. The young man who used to deliver bottled water to my office also told me the other day he had settled his parents from a village to his newly bought apartment in Tai'an, Shandong province. Many of my friends in third- and fourth-tier cities have at least two apartments.

Then I read reports about the country's ambitious urbanization plan. The new urban and township blueprint looks to accommodate an additional 3.4 billion people by 2030, as compared to 730 million people already settled in cities. That explains why everywhere I go in the country, I see endless skylines of buildings in the "new districts" or "ghost cities", even in some poor and remote counties. It must be the largest building boom in human history.

On Tuesday the central bank, in another move to buoy up property market, allowed banks to cut the minimum required mortgage down payment to 20 percent from 25 percent, the lowest level in many years. But I doubt it will be effective.

Except in first-tier cities, people have had too many houses in hand already.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 大片国产片日本观看免费视频 | 香港三级日本三级人妇三级四 | 337p粉嫩大胆噜噜噜鲁 | 久久久久久久久久久96av | 国产亚洲精品一区999 | 亚洲国产欧美在线人成精品一区二区 | 久久精品视频8 | 国产大秀视频 | 三级特黄视频 | 亚洲一级毛片视频 | 成人影院午夜久久影院 | 日本午夜精品 | 欧美激情久久久久久久久 | 99久久免费国产香蕉麻豆 | 欧美最爽乱淫视频播放黑人 | 99精品在线观看视频 | 日韩经典一区 | 99久在线| 免费一级欧美大片久久网 | 特级毛片全部免费播放器 | 99精品国产兔费观看久久99 | 精品国产欧美一区二区三区成人 | 国产精品手机视频一区二区 | 精品国产综合区久久久久久 | 在线播放亚洲精品 | 一本色道久久综合亚洲精品高清 | 操12p| 深夜做爰性大片很黄很色视频 | 99精品视频99| 深夜福利视频在线观看 | 全部毛片| 国产成a人片在线观看视频 国产成版人视频网站免费下 | 毛片在线视频观看 | 午夜性刺激免费视频 | 日本欧美色 | 香港激情黄三级在线视频 | www.精品 | 草免费视频 | 欧美日韩一级大片 | 国产成人精品亚洲日本在线观看 | 老师张开腿让我爽了一夜视频 |