The property market showed strong signs of recovery in the second quarter, as sales price and volume surged in 30 sample cities
Property prices and transaction volumes in four tier 1 cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, reached a five-year high, according to data from E-house China R&D Institute.
Despite being a traditionally slack season, average home prices in 100 cities rose by 0.54 percent month-on-month in July to 10,685 yuan ($1,715) per square meter, the China Index Academy, a research unit of SouFun Holdings Ltd, said in a report.
Shenzhen led the nation with a 9.73 percent month-on-month advance, even faster than the 6.58 percent growth in June.
Here’s a list of the top 10 Chinese cities with highest average property price compiled by Soufun.
Average price: 13,877 yuan per square meter
Average price: 14,870 yuan per square meter
Average price: 15,569 yuan per square meter
Average price: 18,208 yuan per square meter
Average price: 18,484 yuan per square meter
Average price: 18,747 yuan per square meter
Average price: 25,046 yuan per square meter
Average price: 30,615 yuan per square meter
Average price: 31,670 yuan per square meter
Average price: 32,131 yuan per square meter
This story originally ran in the China Daily, you can get the original story herehttp://www.chinadaily.com.cn/m/xiamenbiz/2015-08/14/content_21635654.htm Follow us on tropicalhainan,com