Beijing house price, Shenzhen house price

Clues indecates that the real estate market have walked out winter and run into its warm spring, the government's policies seem like have been worked out on the right time, right place and show their effects.

So some real estate companies decided to raise the price of their properties.

The data from Beijing's official real estate trade management website shows the new house perchase case is 6938 in 15 days from 1st to 15st March, rising more than 100%, which let real estate developer feel much better than 3 monthes before and decided to pull the price up against the global trend.

The price per sqm is 1500 RMB higher in Wangjing Area, this makes the average price per sqm reach 20,000 RMB(2926.54usd/sqm). There are more real estate developer plan to join in.

But far from the positive viewpoint of the official media, the common people consider it as an commercial hype.

One insider of this industry says,"They have no conscience, in order to cook up a hype they purchased their own apartments by using their employee's ID card, anyway they get cash from bank. In my eyes, the house price of Beijing will drop 50% in the next months"