Beijing Apartments price rised signifcantly

Demand decides price: the price of luxury Beijing apartments has significantly rised in 3Q09 and reached 32,999 RMB (US$4,800) per square meters after a sagging real estate market in 2Q08. The analysts said the Beijing apartments market recovery is quick and remarkable.

Still, luxury Beijing apartments price is till cheaper compared to luxury shanghai apartments which price varies from 39,185RMB to 100,000RMB per square meters. Beijing apartments price will continue to rise in the long run based on current market statistics. China's economy is recovering from the global financial downturen; besides, people hold optimistic opion about the future real estate market which boosts buyer's confidence. A large number of investors joined to focus on high-end beijing apartments and left the market with ample money. Land resoure within the 4th Ring is limited which means the land supply will become less and less. The demand will help to flit the price especially is some hot areas such as CBD Guomao, Zhongguancun Wudaokou, Chongwenmen, Qianmen, Dongzhimen etc.
update time：2010-7-30