Housing prices rose on border of China and North Korea

Beijing. May 5. Silkroadnews - Property prices in the China-North Korea border city of Dandong have skyrocketed since North Korean leader Kim Jong-un visited Beijing in March, People’s Daily reports.
Housing prices in Dandong, Liaoning Province in Northeast China, have risen from 3,000 yuan ($471.5) to 5,000 yuan per square meter, and in some areas even doubled. Prices in the areas adjacent to the Yalu River grow particularly fast. In some areas, prices increase by 300 yuan per day.
The article published on the website of the real estate agency jiwu.com outline a popular rumor that, as North Korea reorganizes its economy, Dandong might turn into another Shenzhen, a rapidly developing city in mainland China near Hong Kong. The article notes, it is worth buying real estate in this city, while prices are not so high.
The volume of property deals is also reportedly increasing. The number of new applications has sharply risen beyond their processing limit of 260 a day, the report reads.  
Interest in traveling to North Korea has also grown dramatically. After Kim’s visit growing demand has caused a shortage of train tickets to North Korea.