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

CHINA> National
Housing price spike dashes people's dreams
By Wang Ying (China Daily)
Updated: 2009-08-25 10:49

After almost four years of desperately searching, Zheng Tianxiao is starting to think he will never find an affordable home in his dream neighborhood. It has even affected his hunt for a girlfriend.

Housing price spike dashes people's dreams

Unable to move out from the apartment he shares with friends in downtown Shanghai, the 28-year-old aeronautic engineer said he is always snubbed by the city's hip, young women because he does not have "a home of my own".

"I don't understand. I am a well-educated professional with a well-paying job. I earn 100,000 yuan a year! So why can't I live where I want to?" he asked as he read the advertisements in the window of a realty company.

His exasperated cries can be heard daily in this cosmopolitan metropolis, as well as in others cities across the nation, where young executives and professionals say they are being squeezed out of the property market by sky-rocketing prices.

Special coverage:
Housing in China
Related readings:
Housing price spike dashes people's dreams 
Construction of housing relocation and resettlement under check
Housing price spike dashes people's dreams Jan-July housing investment up 11.6%
Housing price spike dashes people's dreams 440m yuan allocated for rural housing
Housing price spike dashes people's dreams Housing price up 1.0% in July
Housing price spike dashes people's dreams 
Public housing in need
Peaks in the market in Shanghai have been common in recent years, but the current spike has taken many homebuyers by surprise.

During the past six months, the normally predictable China property cycle has reportedly been distorted by a flood of liquidity that abruptly triggered a reversal to the downtrend caused by the global financial crisis in late 2007.

This has caused property prices in Shanghai - often seen as a benchmark for the nation - to rise by an average of 19 percent since March.

The jump has been felt hardest in the high-end sector, with average prices soaring by around 10,000 yuan ($1,400) per sq m in just a matter of months.

Units in the luxury Shanghai Westwood development in the city's underdeveloped Zhabei district were priced at 16,000 yuan per sq m in March - now it is at least 26,000 yuan. Meanwhile, an apartment in the exclusive Casa Lakeville tower sold at 70,000 yuan per sq m in February, but to buy it in July would have cost 81,500 yuan per sq m.

The upswing, however, will ultimately do more to dent the hopes of those people looking to buy at the low end, especially after last year's fall in prices when many delayed their purchases due to predictions by many experts the decline would continue.

One of those to take the risk and lose was Zheng. He held off reinvesting the 1.2 million yuan he made from the sale of his home in Minhang district in late 2007 as he felt Shanghai's falling property prices were far from rock bottom.

"I got a new job after graduate school in 2007, which meant I could consider moving to something a bit up-market, like Zhongshan Park," said Zheng, who originally hails from Yangzhou, Jiangsu province. "At the time, prices were falling and I had my eye on an apartment that cost just 1.7 million yuan. So I waited.

Housing price spike dashes people's dreams"But when the tide turned, the price suddenly rocketed to 2.5 million yuan, putting it far out of my reach. I tried to be smart and I missed my chance."

The price spike also dashed the dreams of Hu Wenna and her husband, who had started to look seriously for a new home in downtown Shanghai last year during the downturn to help reduce her daily three-hour commute to work.

"Back then we found it hard to sell our home in the suburbs, and now we have given up because the downtown locations are even more expensive, while the less desirable areas have seen little change," she said. "Life is always unfair to less well-off families, like us. All we can do is concentrate on paying off the mortgage."

   Previous page 1 2 Next Page  

 

 

主站蜘蛛池模板: 午夜国产精品久久久久 | 在线观看国产情趣免费视频 | 日本午夜人成免费视频 | 亚洲加勒比久久88色综合 | 国产精品视频一区二区三区 | 寡妇野外啪啪一区二区 | 9久久免费国产精品特黄 | 99精品视频在线观看免费播放 | 91伊人国产 | 9久9久女女热精品视频免费观看 | 亚洲欧美日本人成在线观看 | 成人做爰在线视频 | 日韩激情中文字幕一区二区 | 免费视频毛片 | 欧美成人亚洲国产精品 | 天天干亚洲 | 久在草视频| 91视频99| 看免费人成va视频全 | 久久精品国产亚洲精品2020 | 国产深夜福利视频在线播放 | 久久精品免费视频观看 | 日本三级香港三级三级人!妇久 | 免费一级大毛片a一观看不卡 | 亚洲国产最新在线一区二区 | 久久免费小视频 | 成人欧美一区二区三区 | 国产伦精一区二区三区 | 女人张开腿 让男人桶视频 女人张开腿等男人桶免费视频 | 大香伊蕉国产短视频69 | 午夜三级国产精品理论三级 | 免费国产一区二区在免费观看 | 久久精品一品道久久精品9 久久精品一区 | 成年女人毛片免费观看中文w | 国产精品亚洲精品日韩已满 | 中文字幕国产专区 | 萌白酱香蕉白丝护士服喷浆 | 亚洲欧美一区二区久久 | 草草在线免费视频 | 国产欧美日韩另类 | 九九久久久 |