Miami was one of the ground zeroes of the US property bubble, and it seems that the Miami of China — Haikou — is experiencing the same.
As you can see here, it’s got a nice southern orientation and tropical climate.
So it’s no wonder that home prices — in this chart from Waverly Advisors — there are going parabolic even by China standards.
Photo: Waverly Advisors
Business Insider Emails & Alerts
Site highlights each day to your inbox.