Reported about 1 year ago
Since the launch of New Qingshan, house prices have surged by 10%, with pseudo-demand accounting for as much as 30%. Li Tongrong pointed out that while three groups benefit from this - including developers clearing surplus houses, sellers making a 10% profit, and investment buyers - young people are the most affected. Those who haven't bought homes are left sighing, while buyers end up paying over 500,000 more for less than 100,000 in subsidies, effectively turning all young homebuyers into victims.
Source: YAHOO