There are over 9 Million refuge children - Donate to help UNHCR
AddThis Social Bookmark Button
Real Estate
12
Aug
2010
Pretty Bubbles in the Air E-mail
City Life - Real Estate
Written by Daemon Borek
My wife came to me at the end of Spring Festival this year and exclaimed, “I think we should buy another house.” We talked it over for a bit and I agreed to go shop around and see what was out there. I was against the idea, for reasons I will get into later, but went along anyway because she has proven to be smarter than me on numerous occasions. After several weeks of looking around and literally reading anything I could get my hands on about the housing market in China, I vetoed the plan. Here are my reasons.

Before we get into the nitty-gritty though, let’s get one thing perfectly clear. I am not an economist, my father was a CFO for numerous companies in the US for 25 years, and spent the last 10 years consulting for small and medium businesses looking to expand and/or merge with larger companies. Unfortunately for my brother and myself, the apples fell far from the tree, rolled down the hill, ended up in a river, got fed into the ocean, and washed ashore in Asia.

 
12
Jul
2010
Real estate prices in Xi'an E-mail
City Life - Real Estate
Written by Tang Tang
As of today, the average housing cost of downtown Xi’an, the most developed and inhabited metropolis in Northwestern China, is slightly over 5,500 CNY per square meter (646 EURO or 820 USD). For a common household comprising of 3 family members, an apartment measuring 70 square meters or more (753 ft2) is essential in comfortable accommodation. Preferable is an apartment of 100 square meters or larger in size which would be worth over 550,000 CNY or 82,000  USD. And that is without any interiors nor furnitures at all.

Though not much for some US residents and EU citizens, that’s a ton of money for a common household in Xi’an, China, let alone an individual. Multiply it by 5 and you get the rough average real estate price for Beijing and Shanghai.

 
12
Dec
2009
Boom Market: Construction E-mail
City Life - Real Estate
Written by ND
In the last couple of years the Xi'an region has actually grown at an average of 15% per year. The growth in Xi'an is therewith once again 50% to 100% higher than in the rest of Mainland China. You think that China's economic growth of 8% is impressive?

Well, according to the governor of Shaanxi province YUAN CHUNQING an economic growth of 13,5% is being expected this year.

The regional government expects that the average living space per city inhabitant will be more than doubled by 2020. Therefore, over the next decade approx. 427 million square meters of housing space must be constructed.

We do not know how to title this whole development other than "Hot Trendmarket". The frontline of Chinas economic growth offers especially to national and international building companies enormous advantages and chances.

 
15
Jun
2009
Real Estate Price war E-mail
City Life - Real Estate
Written by He Meng
Real Estate companies compete desperately for customers these days. Hard times for them but good for consumers. It was never that cheap to buy a house/apartment these days in Xi'an. How long it will last until prices start to raise up again?

It is quite usual these days that real estate companies offer up to ¥100000 discount for their objects to attract buyers. Aggressive marketing and advertising campaign are all over Xi'an, a sign for a hot market situation. The average price in Xi'an now falls between 4500 RMB-4800 RMB. About  300 apartments are sold each day while the profit for real estate companies is 10% per successfull sale.

Since a lot of capital is pumped into the real estate market to support the economy in these days, constructions are "growing" like "mushrooms". Therefore there are more houses and properties than buyers and that pushes down the price. It is a good moment to buy a real estate object!

 


NEW DYNASTY TV - Xi'an Reports, Interviews and Movies

ND TV - Premier Web TV Reports, Interviews, Movies about Expats and Locals in Xi'an/China! This is UNIQUE in Xi'an!

ND proudly presents: Xi'an Models Volume 1

Xi'an Models

Advertisement

RECOMMENDED LINKS  
MANGO - Women's Collection
HaoHao - China Stories
Silk Road International (SRI)

Watch Great Movies Online - Right here on ND - For Free!

Watch Great Movies Online - Right here on ND - For Free!

New Dynasty Comics


We want you! - 加入我们!

We're currently looking for some down to earth people who can spare a little time each week to write about anything related to Xi'an and China, who are eager to share stories, news, insight info and be a part of the most sophisticated and fastest growing Digital Magazine in Xi'an. Whether you're young or old, we'd like to hear from you. Click for more info.

Editorials

Xi'an goes digital
To all readers, subscribers, friends: Welcome to Xi'ans most sophisticated, multilingual digital magazine. We are excited to offer you from today on, 15. June 2009, a new and superior kind of publication in Xi'an and a refreshing new concept. Of course, as with any technology-related... Click here to read the full story!

Skype ND!

Skype ND!

Featured Website

¡XABOO! is a brand new interactive Community Platform for Locals and Expatriates in Xi'an (China).¡XABOO! is an interactive Community Platform for Locals and Expatriates in Xi'an. Click here & register now!

Editor Team

We have a team that works on the articles presented on ND. Please contact us if  you are interested in helping us out with the creation of articles or researching information in Xi'an. Contact:  info@newdynasty.com.cn

Post translation

ND has readers from all over the world and in several languages. If you translate one of our articles please let us know so we can add a link at the original article! Your site and name will be posted as well. Thanks!

Restaurants

article thumbnail Tuscany Restaurant

We are a family owned restaurant and take pride in everything we do. From the fine ingredients we use to the wines we carry, you...

ND Digital Magazine Xi'an - Subscribe now!

ND Digital Magazine Sample  Cover
*Sample Image

Hotels

article thumbnail Grand Noble Xi'an

The hotel has 428 well-appointed guestrooms and suites, a full range of dining, recreational and conference facilities. ...

ND on your Mobile Phone Browser - Coming soon

ND Mobile v1.0 is online! Browse ND's eMag with your mobile device by typing the address m.newdynasty.com.cn in the browser of your device or be auto-redirected to our mobile site by typing newdynasty.com.cn. You can read our articles, watch ND TV and more even better in the future with your iphone, android etc. Stay tuned. Click here for more Info or here if you want to report a bug.