There was a period of expectation of trade with North Korea turning China's Dan Dong city into a real estate investment destination.

Walking around the new district in Dan Dong city, northeastern China, armor North Korea, no one might think that only a few years ago, this place used to rise to the land fever with the hope of soy sauce

Only a few lights comes from apartments inside the 30-storey apartment building near the Pressure Bridge, Connecting Dandong with Sinuiju city of North Korea on the opposite side.

Singapore City Residential Area in Dandong City, China.

The scene is now completely different from 2018, when house prices in some areas of the district have increased more than 50% only a few days after the historic summit between Korean leaders Kim Jong-un and South Korean President

Throughout the year, the Korean Peninsula flooded the warm atmosphere, marked with Kim Jong-un first visit to China and the unprecedented meeting between him with US President Donald Trump at a while

But the demand has decreased significantly afterwards, when the hope of a commercial explosion in a commercial future dissolved due to the translation of Covid-19 last year, causing Pyongyang to order strictly.

The latest data from the Chinese government showed that Dan Dong housing prices in March increased by 4% compared to last year, in line with the overall investment atmosphere of 70 cities followed by the government.

A three-bedroom apartment overlooking the river in the new district currently has a price of 7,000 yuan (about 100 USD) per square meter, not much higher than the house price in 2019.

Previously, at least 70% of the trade between China and North Korea was through Dan Dong gateway, trucks and container trucks daily continued to cross each other on a friendship bridge.

It is unclear why the delay in the opening of the bridge of the hybrid but the reason is because Pyongyang has not given the planning conditions.

A real estate broker for Singapore City, residential area near a new bridge, said there was a significant change in the current buyer compared to 2018.

"Our customer composition is completely different from 2018, when house prices rise the most. Previously, we welcomed buyers from all over the country, many people from the northeastern provinces,

The bridge represents the remote view.

This real estate broker is still confident in the potential to raise the price of apartments near the hybrid bridge.

Even so, not everyone hugged this dream.

A couple said they moved to the new district two years ago because the school in the area was relatively good.