Booming Housing Markets in China on the Boarder with North Korea?

There have been a number of reports about the hot property market in Dandong, a Chinese city on the border with North Korea. Here’s Real Estate Foresight’s dynamic view of the house price growth momentum in the city over time, monthly from January 2015 to April 2018, showing the city’s improving performance. We calculate the data based on house price growth indices for 70 major cities from the National Bureau of Statistics. Interestingly, the major North East cities (Shenyang, Dalian, Changchun, Harbin) have been relative outperformers on price growth since the end of 2017.