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Housing market boom reported at North Korean border

By Patrick following x   2018 May 10, 5:37pm 347 views   1 comments   watch   sfw   quote     share    


The housing market at a North Korea-China border city is so hot that it could give San Francisco a run for its money.

Home sales in Dandong, which sits across the Yalu River from North Korea, have surged to an eight-year high. There were 320,000 square meters sold in March, Bloomberg reported.

“Two Koreas shake hand, and Dandong rises!” the slogan at Zhao Ziye’s real estate agency in the border town reportedly says. Zhao’s real estate company is reportedly hiring five more employees to keep up with the demand.

North Korean leader Kim Jong Un’s visit to Beijing late March spurred optimism in the relations between the two countries. The meeting was followed by the historic inter-Korean summit late April, drawing the attention of “opportunistic investors,” Reuters reported.
1   TwoScoopsOfSpaceForce   ignore (4)   2018 May 10, 5:40pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

It takes big hands to make Dandong rise.


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