It's time for some math exercises! For our class today, we will use Chinese real estate prices. This is to give you an idea of the real estate costs here in Guangzhou.
Here is a picture of the outside of a real estate agency. It looks like a big punch-a-bunch board from "Price Is Right". Each paper is one property. The units are in square meters and in RMB. The symbol next to the red number is "wan", and represents 10,000.
So, let's take a look at the first column,second row. It says
183 m2
580 wan
So that's 183 m2, and there are about 10 sq ft in a sq meter. 1830 sq foot.
580 wan = 580*10000 RMB = 5.8 million RMB, and at 6.3 RMB per $1, that's about $920,000.
You can see how much 100 sq meter apartments go for here.
But how much to rent? Well, here are some prices for monthly rentals.
The prices in the left and center section here are the rental prices.
So - in the center section, bottom left, you see:
35 m2
2300
That's a rental for a 350 sq ft apartment for about $375/month.
Here is a picture of the outside of a real estate agency. It looks like a big punch-a-bunch board from "Price Is Right". Each paper is one property. The units are in square meters and in RMB. The symbol next to the red number is "wan", and represents 10,000.
So, let's take a look at the first column,second row. It says
183 m2
580 wan
So that's 183 m2, and there are about 10 sq ft in a sq meter. 1830 sq foot.
580 wan = 580*10000 RMB = 5.8 million RMB, and at 6.3 RMB per $1, that's about $920,000.
You can see how much 100 sq meter apartments go for here.
But how much to rent? Well, here are some prices for monthly rentals.
The prices in the left and center section here are the rental prices.
So - in the center section, bottom left, you see:
35 m2
2300
That's a rental for a 350 sq ft apartment for about $375/month.
1 comment:
Are you going to finish the math, or is that left for the reader?
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