> "Typical housing prices in Kangbashi have fallen from $1,100 to $470 per square foot, over the last five years alone." > Maybe the price was quoted in $/m^2

> "Typical housing prices in Kangbashi have fallen from $1,100 to $470 per square foot, over the last five years alone." > Maybe the price was quoted in $/m^2 and the unit was mistakenly switched to square feet at some point? May make sense since the m^2 prices would be the more rounded $12,000 and $5,000. Though it's also likely the price was also switched from RMB to $.