The fair was like a county fair in the US. Many buyers and onlookers rushed in. There was an opening ceremony, a band and many VIPs.
People came here to look and pounce on deals. In picturesque Hangzhou (near Shanghai), people grabbed several really expensive units within hours.
In China, people buy houses like buying turnips.
I guessed there were several obvious reasons behind this madness: no other investment gained value as fast as housing; no sales tax and capital gain taxes; low interest rates...
It was a freezing cold day but people were not deterred:
Red carpet treatment
Many buses ready to take potential buyers to see the buildings
People started to file in
Facing the entrance, was a supermarket, whose parking lot was completely full
The band
People lined up for ... a deal? a counselor?
Where to start?
People distributed leaflets
Inside the showrooms
A model building
And the sale women
all dressed to the ninth
By the time I left, more people were coming in
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