Property News · December 12, 2018

Beijing creating financial hotbed in southeast end – but thousands of flats snuck in


Beijing has launched a grand plan to create a glittering financial hub in its southeast end. But, so far, it is functioning as a bedroom community to thousands of urban commuters – exactly the opposite of what the local government wants.
The story of Tongzhou’s envisioned financial district – the reality today versus the grand plan in coming years – points to an oftentimes mismatch between land supply and demand in Beijing and other big Chinese cities, where local…

Source : South China Morning Post
Read more…Beijing creating financial hotbed in southeast end – but thousands of flats snuck in

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