18 Aug '17, 9am

Guangzhou luxury home prices soars 35.6%!

China’s third biggest city Guangzhou saw luxury home prices surge 35.6 percent over the 12 months to June – the highest increase among 41 global cities tracked by Knight Frank, reported South China Morning Post. This comes as luxury home prices in China are increasing from a relatively low price base compared with other expensive locations in the world. But while Guangzhou leads the ranking, all three Chinese cities – including Beijing and Shanghai – tracked in the index posted a drop in annual growth compared with the rate registered in the previous quarter, revealed the consultancy. SEE ALSO: Falling Chinese rental yields may indicate property bubbles tcrfdsbtfw Beijing saw the biggest decline – from March’s 22.9 percent annual growth to 15 percent year-on-year in June. Looking ahead, the huge increases in Chinese cities are not expected to last much longer, given the st...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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