Beijing Real Estate

With the Beijing Summer Olympics in full swing, I've had the chance to see the city of Beijing through the eyes of the city-focused profiles on TV. The city's enormous population of 15 Million residents leads me to believe that real estate in Beijing is probably at a premium, like in most other big cities.

I decided to take a quick look to see what kinds of homes were available in Beijing and what they might cost. While Beijing real estate pales in comparison to seeing the USA swim team & Michael Phelps beat France in the 4X100M swim relay, I was curious enough to dig a little deeper. Here is what I found:

1) "Beijing Yosemite" - 8300 to 18,000 sqft new villas
Asking price: units start at $2,000,000 and up
Comments: A new luxury development with villas of gigantic proportions
Source: Beijing RE

2) 3 Bedroom / 3 Bath high rise apartment in Beijing, 2637 sqft
Asking price: $980,000
Comments: Large high rise apartment with a spacious interior
Source: Beijing Ascot Realty

 

3) 2 Bedroom / 1.5 Bath high rise apartment, 1506 sqft
Asking price: $500,000
Comments: Simple and functional apartment with no frills
Source: Beijing Ascot Realty

 

From this very small sampling of available homes for sale, it is clear that there is a wide range of housing available. While the two condo/apartment units in Beijing are priced between $300 to $400 per square foot, a somewhat comparable Manhattan 1 bedroom condo is selling for $1188 per square foot. These certainly aren't direct comparable properties, but I think you get the idea.

It's clear that homes in Beijing may not approach the stratospheric prices of New York or Tokyo, they are certainly not a steal either.

Comments

[John]

I can say without a doubt that "Beijing Ascot Realty" is the best choice for apartments & homes in Beijing.

John G
BJ Ascot