A research produced by
The average transaction price of new homes hit RMB20 per sqm in April 2012. Afterwards, it hovered at RMB20,000-23,000 per sqm for about a year. After new control rules were launched in March this year, the transaction prices of new homes started an upward trend, achieving RMB24,600 per sqm in August.
Demand from end-users remained strong in Beijing's residential market. The Five New Measures launched at the end of March, imposing restrictions on the transactions of pre-owned homes, stimulated the transactions and price growth of new homes.
Source : Knight Frank
