China’s housing market is shaking off the coronavirus impacts as a gradual economic recovery and the further relaxing of household registrations, or the so-called Hukou, are boosting demand.
Last month in Hangzhou, almost 60,000 prospective buyers flooded onto the registration website of Xixi Mansion for a chance to buy one of 959 apartments. The wave of interest crippled the website, prompting developer Sino-Ocean Group Holding Ltd. to rent an internet cafe to process . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In