Beijing luxury property market rebounds in May
By Wang Ying in Shanghai | China Daily | Updated: 2013-06-18 07:23
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Potential buyers examine a model of a villa project at a housing show in Beijing. In May, 82 luxury apartments priced at more than 15 million yuan ($2.45 million) changed hands in the capital, up 74 percent month-on-month. Wu Changqing / For China Daily |
Sales of domestic upmarket properties seem immune to the tightening policies that aim to rein in rampant housing price hikes and deter speculation, as both transaction volumes and the sales prices of Beijing's luxury apartments soared in May from April.
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