Chinese look to buy North Korean land before ‘peace deal’
2018-05-08 09:59:24 source：The Times
May 8, 2018
The prospect of peace on the Korean peninsula has prompted a surge of inquiries from speculators in China about real estate in Pyongyang and elsewhere — despite the Kim regime’s ban on foreign investment in property.
Kim Jong-un visited President Xi in Beijing in March, a month before his historic summit with President Moon of South Korea. Estate agents in China reported an immediate response, with one, Uoolu.com, receiving so many queries about North Korea property that it rushed out a hastily assembled guide for potential buyers.
In the North’s isolated economy property is distributed by the state, the guide explained, though it noted that unofficial sales do take place. A desirable villa in Pyongyang is worth about £150,000, it said.
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