Mrs. Dang: “The working hours in the broker’s office are from 8:30 am to 9:30 pm, 7 days a week. The brokers’ market is the XiaoXiTian community; a neighborhood with residential buildings from the 1980’s up to 2006. Some buildings belong to central ministries or the army. A substantial part of the residents in this area lived in houses that had to make way for new building projects and moved back after the construction projects were completed. The transportation in this area is very convenient because of the nearby subway.
The community is located next to the Beijing Normal University and the Beijing University of Post and Telecommunication. This is why the area attracted a lot of people from other provinces. Most of them rent houses here.
The normal size of a single bedroom apartment is about 40㎡, a two bedroom apartment between 50㎡ and 60㎡ and a three bedroom apartment is over 90㎡. The average prize is 30,000 yuan per square meter in this area. For example, a 96㎡ apartment in this community may cost 3.2 million yuan. The price is pretty high for common people. Some young people buy their first house here. Most of them are civil servants or teachers. Some of them pay through loans, others buyers pay the amount at once and these are usually businessmen from other provinces or coal bosses from Shanxi province.
Most of the brokers in the office live in Fatou, Tiantongyuan area. It’s very far away from their work place. They have to get up early and spend several hours on the road every day.
One has to work hard because the real estate business is a very competitive industry. There are over 800 brokers in this area. The salary is at least 1,000 yuan per month, the rest is depends on the sales; 2,000, 3,000, 5,000, 10,000 even 20,000 are possible. Last month, I got 4,000 which is less than average. I have a kid and a loan to pay, the expenses are high.
Regarding the Chinese property market for the coming year: a lot of people think prices will drop, others think this will be only a temporary drop for not more than one year. I have high expectations of the increase in my future income.”