According to a monthly survey by China Index Academy, which tracks changes in home prices in 100 Chinese cities, the average price of residential homes in January is 8,645 yuan (US$1,316) per square meter, up 0.95 percent than in December.
Among the 100 cities surveyed, Shenzhen topped the list with the highest home prices at 25,004 yuan (US$3,806) per square meter in January, followed by Shanghai at 23,478 yuan (US$3,573), Beijing at 22,650 yuan (US$3,456).
Here is the list of the top 10 cities with the highest average home prices:
Ranking |
City |
Average home price (RMB/sq m) |
Month-on-month change |
1 |
Shenzhen |
25,004 |
0.41% |
2 |
Shanghai |
23,478 |
0.74% |
3 |
Beijing |
22,650 |
0.51% |
4 |
Hangzhou |
20,762 |
0.93% |
5 |
Sanya |
19,262 |
0.23% |
6 |
Wenzhou |
16,081 |
0.93% |
7 |
Guangzhou |
14,944 |
2.54% |
8 |
Ningbo |
13,873 |
0.53% |
9 |
Fuzhou |
12,329 |
0.33% |
10 |
Nanjing |
12,215 |
1.67% |
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