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High-speed rail lifts real estate values

Huangshan Mountain in eastern China’s Anhui province is the country’s only scenic spot acknowledged as both a Cultural and Natural World Heritage Site, as well as a World Geopark.
The new high-speed railways have promoted the development of tourism in Huangshan. This has in turn resulted in a real estate boom.
Tourism revenue is predicted to reach RMB20 billion (US$3 billion) this year, an increase of more than RMB3 billion (US$448 million) over last year – a new record.
The Beijing-Fuzhou, Huangshan-Hangzhou, Hefei-Nanchang high-speed railways, which are all still under construction, will cross at Huangshan, making the city a new transportation hub in eastern China.
CRIEnglish.com reports that travel time from Beijing to Huangshan will be shortened from nearly 20 hours to just five hours after completion of the high-speed railway. With that prospect ahead there is already a substantial increase in real estate development.

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