In the sales office of a new property development in the affluent eastern Chinese city of Hangzhou, a buzz is in the air. While the plate-glass towers that will form the Xizi International Centre are still three years from opening, prospective homeowners crowd around every available table.
“Someone just came in and bought five apartments,” says Ashley He, one of the battalion of salespeople working the floor.
The fresh enthusiasm for Chinese property is not confined to home buyers. Investors have also been snapping up equities and debt linked to Chinese real estate.
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