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China Property – Why prices are soaring in Beijing’s luxury residential market

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Average high-end apartment prices are about to hit CNY100,000 per sqm Grade-A apartments in Beijing are leading the way for price growth in the city’s property market, as they embrace a shift towards average prices of CNY100,000 (USD15,700) per sqm, according to a new Savills report. The most expensive transaction this year has been for a unit at Wanliu Academy which achieved approximately CNY131,000 (USD20,500) per sqm. Q2 2015 saw Grade-A apartment prices grow 3.6 percent year-on-year to an average of CNY68,500 (USD10,700) per sqm

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China Property – Why prices are soaring in Beijing’s luxury residential market

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