Category: News@Huangshan.

Real Estate Heats up due to High-speed Rail

WHS#547 | Huangshan | Tourist Map | Travel Guide | Photo & Video | News Update

2010-09-27 13:20:03 CRIENGLISH.com Web Editor: Xu Leiying

A railway staff member stands beside a train waiting to leave the Jiujiang Railway Station in Jiujiang, a city in east China's Jiangxi Province, for Nanchang, capital of Jiangxi, on Sept. 20, 2010. The 135-kilometer Nanchang-Jiujiang intercity high-speed railway was put into operation on Monday. The trains' possible highest speed stands at 180 kilometers per hour.

Huangshan Mountain, also known as Yellow Mountain, welcomes a new round of investment in the recent real estate market boom due to the construction of high-speed railways.

Huangshan Mountain, also known as Yellow Mountain, welcomes a new round of investment in the recent real estate market boom, sohu.com reports.

Huangshan Mountain in eastern China’s Anhui province is the country’s only scenic spot acknowledged as both a Cultural and Natural World Heritage Site, as well as a World Geopark.

The construction of highways and high-speed railways in the last few years has promoted the development of tourism in Huangshan, a city that has long been troubled with infrastructure problems.

Its tourism revenue is predicted to reach 20 billion yuan (about US $ 3 billion) this year with an increase of more than 3 billion yuan (about US $ 450 million) over the last year, breaking the city’s record.

The Beijing-Fuzhou, Huangshan-Hangzhou, Hefei-Nanchang high-speed railways, which are all still under construction, will cross at Huangshan, making the city a new transportation hub in eastern China.

The trip time from Beijing to Huangshan will be shortened from nearly 20 hours to just five hours after the completion of the high-speed railway.

Because of its developing transport facilities, real estate developers are keeping a keen eye on the area while many investors plan to buy houses there. They are confident that the city will see a boom in both tourism and the economy.

Following the central government’s decision to make China’s Hainan island an international tourism destination, the island’s property market has seen a flurry of investment, driving up its property prices.

The report estimated that similar situations will emerge near Huangshan Moutain.

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Category: News@Huangshan