“It’s a capitalist’s fantasy: a fast-developing city filled with entrepreneurs and speculators, and a soaring property market. Restaurants are opening, shiny apartments are springing up, and the nouveaux riches are indulging themselves with cars, clothes and perfume. This, however, is not one of the southeast Asian tigers, but North Korea, the most isolated and repressive totalitarian dictatorship in the world. It is more than 15 years since the country’s communist rulers began to permit the small-scale buying and selling of food and household goods as an exception to its strict socialist economy. Now Pyongyang is experiencing a modest version of that familiar first-world phenomenon: a property bubble.”
https://www.thetimes.co.uk/tto/news/world/asia/article4414908.html
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