Today’s Daqing Evening News presents more evidence of the skyrocketing housing prices that have caused so much angst in Chinese cities:
Housing Price Madness: 4,000 RMB Jump In a Single Day
Overnight Price Hike at one Beijing Development Enrages A Thousand Buyers
On April 11, a dispute involving more than a thousand people was sparked when two apartment buildings opened for sale in Beijing. The night before, prospective homebuyers were informed that the two buildings would be priced at an average of 20,000 RMB and 24,000 RMB per square meter respectively, but when the sale opened, the 20,000 RMB building had become 24,000, and the 24,000 RMB building had increased to 28,000. Faced with this sudden price hike, the enraged buyers surrounded the developer’s car with him inside.