Home prices have suddenly shot up in Yanjiao, a boom-to-bust commuter town near Beijing that got a lifeline from two strokes of luck: it’s been picked for a key subway station, and a long-awaited move by the Beijing municipal government to a neighbouring city is finally under way.In the past three months, amid the subway and relocation news, home prices have jumped 7 per cent. That follows nearly two years of recession.The rush of good fortune is related to Beijing’s decision to relocate its…
Source : South China Morning Post
Read more…‘Boom to bust’ Beijing commuter town Yanjiao sees sudden surge in home prices















