Real estate broker enjoying the ride

08:43, April 08, 2010      

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Surging market pushes up housing prices as well as realtor's income

Leng Hongli is riding high on the real estate express.

Boosted by soaring housing prices, 30-year-old Leng earned 100,000 yuan ($14,700) in commissions last month after selling seven apartments in Beijing's Wangjing area.

"In the early years after I started working as a real estate agent in 2004, it was mainly about constantly worn out shoes and a hoarse voice. Now it's twisting your mind and going bald," he said.

Leng, who comes from a small village in Shandong province and only finished high school, said his March earnings were the highest amount he had fetched in a single month.

"I'm proud of myself, as so many university graduates can't even land a job today," said the spectacled man wearing a suit, a tie and a practiced smile.

"The ornamental glasses make me look knowledgeable and trustworthy."

Inside, though, he is worried.

"The housing prices and the market here have gone crazy, which makes people buy out of panic regardless of the price," he noted.

"It can't last long and might jeopardize my rice bowl in the long run," said Leng, who expects his income to plummet this month.

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