DANDONG, China -- As the Korean Peninsula heads toward a more peaceful environment, the real estate market is already booming in Dandong, a northeastern Chinese city on the border with North Korea.
At the end of May, a signboard appeared in Dandong advertising “Rooms with a superb view of the river." The sign’s owner is a man in his 40s who runs a real estate business. “You are slow to come," he said with a smile. "Prices have already risen as much as 40% on average.”