In a sign of growing recognition of Mingtiandi as China’s leading source of real estate intelligence, two of the world’s best known news publications referenced the site in reporting on separate stories on China’s real estate markets last week.
While the timing may be coincidental, the reliance of the New York Times and The Wall Street Journal on Mingtiandi as an authoritative source of property information on China, testifies to the growing reach of the speciality platform.
The Wall Street Journal led off by adding insight from Mingtiandi founder Michael Cole in a December 20th article on Beijing’s red-hot rental market. “Beijing: In Figuring Out Where To Live One Expat Learns How To Live There” relied on analysis by Michael to reveal how Chinese white collar professionals are now competing with expatriates for the same housing in China’s capital, helping to drive residential rates to new highs.
The WSJ story was rapidly followed on December 23rd by an article in the New York Times on Shenzhen’s property market, and the recent landslide, which looked to Michael again for understanding of the forces driving the residential market in the booming city. The article, “Shenzhen Landslide Casts Shadow Over China’s Success Story” by Times staffer Neil Gough, turned to Mingtiandi to help explain the apparent contradiction between Shenzhen’s at times haphazard development, and home prices that have risen more than 40 percent in the last year.
While Mingtiandi’s appearance in two such high profile publications in a single week is a rare occurrence, the recognition is part of a wider trend in the international media. During the last year, global publications including the Australian Financial Review, the Business Insider, The Financial Times, NBC News and the Sydney Morning Herald have all relied on Mingtiandi for information and insight on China’s property markets and the industry players.
Since starting daily publication in 2012, Mingtiandi has now grown to more than 9,000 subscribers, and is read by an average of nearly 1,500 readers each day.