Miami was one of the ground zeroes of the US property bubble, and it seems that the Miami of China — Haikou — is experiencing the same.
As you can see here, it’s got a nice southern orientation and tropical climate.
So it’s no wonder that home prices — in this chart from Waverly Advisors — there are going parabolic even by China standards.
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See Also:
- China’s Car Sales Growth Is Absolutely Massive
- China’s Housing Bubble Is Inflating Faster Than Ever
- It Begins: China Cracks Down On The Shadow Banking System That Is Inflating Its Real Estate Bubble