The 10 China Cities With Most Expensive Home Prices

China’s average housing prices rose sharply in recent years. The high housing prices in big cities such as Beijing and Shanghai have rising far beyond people`s affordability. More and more people are fleeing from these cities. Here I sum up the 10 most expensive cities to buy a home in China.

1. Beijing

The average new home price in Beijing is about 34,000 Yuan a square meter. Though the Beijing government has rolled out toughest measures to curb home buying, new-home prices rise further after recent curbs.

2. Shanghai

A non-governmental index shows Shanghai’s new home prices shot up by 253 percent in seven years. The average real estate price in Shanghai is 26,000 Yuan per square meter.

3. Wenzhou

Wenzhou in southeastern Zhejiang province, one of China’s wealthiest cities, led China’s real estate boom in recent years. The average house prices in Wenzhou are around 21,000 Yuan per square.

4. Shenzhen

Shenzhen is one of the biggest property markets in  Mainland China. The average price of pre-owned apartments is about 21,000 Yuan per square meter. In Luohu, Futian and Nanshan districts, the house price is much higher than this price.

5. Sanya

Sanya, located in the very south of China, is dubbed as China’s Hawaii. The average housing price in Sanya reached as high to 20,000 Yuan per square meter.

6. Hangzhou

Hangzhou, about 190 km away from Shanghai, is known as  Heaven on Earth. Home price in Hangzhou is one of the highest in China, with an average home costing of 19,500 yuan psm.

7. Xiamen

Xiamen, a coastal city in southeastern China, is known for its scenery and tree-lined beaches – Gulangyu. The average home price is about 19,300 Yuan per psm.

8. Guangzhou

Guangzhou is the third largest Chinese city and southern China’s largest city. The average price of a new apartment in Guangzhou is up to 18,500 yuan per square meter.

9. Nanjing

Nanjing, capital of Jiangsu Province, is a famous historical and cultural city. The average housing price is 15,800Yuan per square meter.

10. Tianjin

Tianjin is located near the coast some 80km east of Beijing. The average apartment price is 14,000 Yuan per square meter.