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>"It is fairly difficult to rent a halfway decent apartment under about 6000CNY (~1000USD)/month, many pay double that or m" I'm guessing that $10K is supposed
by bogomipz 9y ago
>"It is fairly difficult to rent a halfway decent apartment under about 6000CNY (~1000USD)/month, many pay double that or m"
I'm guessing that $10K is supposed to be $1K US? Paying double that or more would put on par with places like NYC as well.
Is none of that new real estate for the rental market then? Usually when the demand dries up for purchase developers will put them on the market as rentals so they are at least generating income. I'm guessing this maybe just hasn't happened yet? Or maybe all those high rises are mostly commercial?
- contingencies 9y agoIn my observation throughout key parts of the city the vast majority of new real estate visibly under construction is commercial, not residential. Only on the edges do you see new residential development. Therefore, I would hazard a guess that the supply in the most desirable areas has not increased, and perhaps actually decreased.
- Kiro 9y agoWhere do get 10k from? Even your quote says 1k.