What will the future of transportation look like in Baishazhou, Wuhan? Is it worth buying a house in Baishazhou?

A few years ago, Baishazhou, located in the greater Wuchang area, was as cheap as a remote urban area. Everyone knows the famous Baishazhou Bridge, but no one cares about the houses near it. However, in recent years, the soaring value of Baishazhou has made it impossible to underestimate it. With the advent of the Military World Games, Baishazhou is a key consideration for Wuhan, and its future development is promising. If you need to buy a house for basic needs, this is the best choice. However, this year, houses in Baishazhou are not cheap. If you don't grasp the opportunity, you must consider it carefully.

What will the future of transportation look like in Baishazhou, Wuhan?

At present, due to the approaching Military World Games, the renovation of the Baishazhou Third Ring Road, Fengsheng Road, and Huangjia Lake Avenue has been stepped up, and it is expected to be completed in the first half of 2019. Since the residential areas in Baishazhou are relatively dense and the bus routes are relatively tight, if a few more bus routes are introduced, the major problem of inconvenient transportation in Baishazhou will be basically solved. In addition, the opening of Metro Line 5 in 2020 will make travel more convenient. In fact, those who have just bought a house can consider Baishazhou more. After all, it is a low-price area with high cost performance and good future development potential.

Is it worth buying a house in Baishazhou?

The Baishazhou section is located within the Third Ring Road and has obvious location advantages. In the future, as the renovation of Baishazhou Avenue and the elevated road is completed and some sections of Wuhan Jinti Avenue are opened to traffic, the traffic in Baishazhou will undergo major changes. On the other hand, polluting enterprises such as Baishazhou's wholesale market, Wuchuan, and glass factories will also be relocated. Although Baishazhou is still an urban-rural fringe area at present, it will change greatly in the future.

In recent years, housing prices have risen to an unexpected high point in both the city center and the suburbs. From the perspective of rigid demand, houses in Baishazhou are still worth buying!

The housing prices in good locations in the center of Wuhan are around 20,000 to 30,000 yuan. Even if you have the money to buy a house, there are no houses available. The prices in slightly inferior locations are also close to 20,000 yuan per square meter and there are no houses available either.

From the perspective of housing prices and housing supply, people who need housing for basic needs can only choose non-urban and remote urban areas. They have one thing in common - insufficient supporting facilities and inconvenient travel.

The premise for solving these two problems is a car. If you have a car, you can still consider buying a house in Baishazhou! The sooner you buy a house, the better.

How much has the house price in Baishazhou increased?

Since 2016, the housing prices in Baishazhou have been rising rapidly from the original 5,000-7,000 yuan/㎡. A large number of buyers with urgent needs, buyers from other places, and local buyers who moved out of the city center have flocked in. The increase in demand has broken the balance between supply and demand, and prices have jumped. In just one year, the housing prices in Baishazhou have exceeded 10,000 yuan.

It was also from that time that many well-known large developers began to explore the value of Baishazhou. Real estate companies such as Vanke, Poly, Xinli, Jingrui, Xuhui, Zhengshang, Gemdale, Meihao, Xincheng, Hubei Tourism Investment, and Aijia began to develop new projects in Baishazhou, which completely changed the area of ​​Baishazhou.

As of 2019, the average housing price in Baishazhou area has reached about 15,000 yuan/㎡.