China’s Luxury Housing Market Business is Booming
Analysts expect the future average selling price for luxury real estate in Shanghai China to be at least 120,000 yuan, or around $18,000 per square meter.
The China’s luxury housing market is booming at a rate that is attracting buyers from around the world. With a rise in the price for luxury towers in the city to more than 70,000 yuan per square meter, or around $10,500 per square meter, investing in China’s housing market is becoming the priority investment choice for Mainland developers. The Chinese can not get enough of the modern luxury penthouses in Beijing.
Wealthy Chinese investors are bidding for land in high profile cities such as Shangai because they know there is a huge demand. According to an article by Kenneth Rapoza in Forbes/Investing, “In Shanghai, there were 682 transactions for new apartments priced over 100,000 yuan ($15,000) per square meter in the first half, surpassing 2015 sales figures, Tospur data shows.” Chinas Luxury Housing market is the new investment choice for Elite Investors and Opportunists around the world.
