North Korea Border Town Is Now China’s Hottest Property Market
- Dandong new-home sales surge amid Kim’s surprise peace embrace
- City stands to benefit if trade between countries increases
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A North Korea border town has suddenly become China’s new hot property market, as 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 320,000 square meters in March, when U.S. President Donald Trump announced he’d grant an unprecedented meeting to Kim, who then made a surprise visit to Beijing.