Learn Chinese - Beijing average housing prices up 1,000 yuan since May

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BIZCHINA / Center

Beijing average housing prices up 1,000 yuan since May

By Tu Lei (chinadaily.com.cn)
Updated: 2007-08-06 10:13

Latest figures show the selling prices of nearly one hundred buildings in
Beijing have climbed by more than 1,000 yuan (US$132.06) since May,
especially in eastern and northern districts, according to today's The
Beijing News.

In the eastern area, houses in the Oceanwide International Residential
District were sold at 17,000 yuan per square meter this May, but the
average price soared to more than 20,000 yuan in July. Buildings
developed by BBMG Group and Vanke also saw a growth rate of 1,000 yuan,
to 13,000 yuan and 17,000 yuan respectively.

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In the southern area, most of the buildings' growth rates are not so
high, but selling prices in Fuli, a property project, increased to 11,000
yuan from 8,000 yuan in May. Jianbang Mansion houses sold at 14,800 yuan,
up from 13,000 yuan, while the price of Flower City houses also increased
to 11,000 yuan from 9,300 yuan.

In the western area, third stage houses at Ocean Landscape were selling
at an average price of 10,337 yuan per square meter as of July 31 of 2007.

The northern area of Beijing witnessed soaring prices in April of this
year. In May, the price of Shimao Olive Garden was 18,000 yuan per square
meter, while the average price of Building No.6 reached 27,000 yuan.

The C3 building of La Foret, near Olympic Forest Park has risen to 12,000
yuan per square meter, and the C2 building reached 14,000 yuan, while the
D9 building from Dreamworld 2008 is now selling at 25,000 yuan per square
meter on average.

(For more biz stories, please visit Industry Updates)

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