China's Real Estate Market

Unruly throngs outside of luxury housing.

Flying elbows and chaos.

Pent-up deman, rising incomes and scarce affordable housing have driven up prices.

It sounds like Silicon Valley to me. But, it's not. It's China. And NOT just the big cities.

The government is trying to cool down the real estate market in China by imposing axes on resales within 5 years. But the prices still make it worth it to buy.

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