Since the foreign direct investment in China went down the hill at October last year, many have questioned whether the government will ease some restriction on foreign investment in the real estate sector.
Shanghai Daily reports sales of new homes in the city has soared nearly 70 percent during the first half of this year. Another indication that Chinese real estate price have boomed is when a piece of land in Beijing recently went for a record five hundred and 85 million dollars.
Last May, the Da Wang Jing villiage has been demolished, more than 2000 villagers' lives were changed just over night, all of them become millionaires, and most of them made investment, bought cars and houses.
Now, if you go to the the Da Wang Jing village today, you only can see a park there and plain lands. This land has been sold with very high price, the government is planing to build the second CBD in Beijing, even more prosperous than Wangjing which is near the village.