Beijing Real Estate Bubbling
Beijing real estate is bubbling….not cooking…bubbling.
An investigative report found that the ratio of selling price of 10,000 second-hand houses to their related house rental fees has reached the "alerting" line.
Rental-fee for an average one-bedroom apartment in Beijing is 1,526 yuan/mont. The average selling price is 370,000 yuan = 242:1.
For a two bedroom apartment the ratio is 280:1 and for a three-bedroom apartment it is 286:1.
International standards say real estate investment is normal when the ratio is between 200:1 and 300:1.
Above 300 indicates that bubbles have emerged.
I admit. I didn't know there were such calculations. That would mean I live in a real estate bubble econmy as well here in Silicon Valley.
How about you? Can I lend you a calculator?
my beijing tour
plese comin in china beijing 2008 years
http://linpho.5gbfree.com
my beijing tour
plese comin in china beijing 2008 years
http://linpho.5gbfree.com
For Renting:
A Room available for Short-term renting during Olympic Game period
The Upper East Side is located in an appealing natural environment, surrounded by the green belt of No.4 Ring Road and is adjacent to the Bahe River, one of the top scenic water systems in the capital city. Across the road, it faces the Chaoyang Park, the largest city park in Asia, the largest green area of Beijing King’s Garden Villas, the Side Park and the Lido Park.
The room is 140 m2 flat that contains 2 bedrooms and 2 bathrooms, which is located at the new embassy area, around north of fourth city ring road, just nearby the Main Olympic Stadium & Water Cube, about 5 minute distance by car to there. Also hotel, shopping malls, banks, gym room restaurants are located around the living place.
Room facilities: Telephone, Satellite TV, Ice Fridge, Washing Machine, Central Air Conditioner, Furniture、Shower Room，Internet (ADSL), 24 Hours security, 24 hours hot water，Free parking area and Free room cleaning service.
Renting Fees: USD 25000 per month（RMB 200000 per month）. Min. Leasing Time is 20 days, Leasing expense should be paid in advance.
Contact Information:
House-owner: Leon
Email Address: mhj13901174227@yahoo.com.cn (Either English or Chinese),Telephone 86-13901174227
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