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Friday, May 11, 2018

North Korea border town becomes China's new hot property market, Real Estate - THE BUSINESS TIMES

North Korea border town becomes China's new hot property market, Real Estate - THE BUSINESS TIMES: A NORTH Korea border town has suddenly become China's new hot property market, as North Korean leader Kim Jong Un's embrace of peace sparks a buying frenzy.

New home sales in Dandong, which sits across the Yalu River from North Korea and is the center of trade between the two countries, surged to an eight-year high of 320,000 square metres in March, when US President Donald Trump announced he would have an unprecedented summit with Mr Kim, who then made a surprise visit to Beijing.