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Q: How much does it cost to buy a house in China?

I've seen a few references in the foreign media to a Chinese housing bubble and read that buying houses is very expensive here. Is this really true?

I've seen plenty of people give figures for the cost of renting here, but haven't seen even the most vague ball-park figures for buying costs.

Obviously, I know it will vary from city to city, and presumably Beijing and Shanghai are the worst.

7 years 37 weeks ago in  Housing - China

 
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Here in Guangzhou, if you want a nice, new place it runs about 15k per square meter.

On the high side I have seen 40k per sq. meter and on the low side I have seen 8k per sq. meter.

In places like Shanghai, it can get insane.  I have seen up to 80k per sq. meter.

In Beijing, it can get stupid.  Want inside the 2nd circle?  Plan on spending around 150k per sq. meter.

Also, when you buy a brand new place, it is literally bear concrete walls.  No decoration, plumbing, wiring, nothing.  Not even a deadbolt.

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7 years 37 weeks ago
 
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Hahahahahahahaha
only 2000yuan in in my wifes city in Dom Bei

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7 years 37 weeks ago
 
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The place I'm currently living in was built after the local unis and high school got togetehr to put it up for their teachers, so was sold to them pretty cheap - about 3k/sqm. Now, they're valued at over 7K/sqm. But, we're on the outskirts of the city itself (HZ). Go further in, and it costs stacks more... but not as bad as BJ or SH, but still... in fact, Hangzhou was one of the few cities that didn't have a housing price rise in the last financial year (or was it quarter?? I heard somehing like that).

Not as bad as back home?? Really??? I've seen apartments in CBD Melbourne (Swantson, Flinders etc) for less than 300K. Given incomes etc, that's not too bad! A normal house (much bigger than a unit in China) is usually under 600K. (for capital cities... much cheaper for country citiets).

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7 years 37 weeks ago
 
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Here in Guangxi Province, price also varies depending on city or even area within  a city.

In Nanning, prices fluctuate between 5500 Rmb and 6500 per sq meter of new construction.
And all that will give you is bare concrete walls, windows and a front door, nothing else.
You will have to get floors, walls, inner dooors, cabinets, kitchen fixtures and bathroom
fixtures also.  Of course, A/c units also.  That should add from 100K to 500K to the apartment cost.

Now, in smaller cities nearby, for example Pingguo, you can get a nice penthouse apartment for 2K Rmb/sq meter.  Also there is a new development near BeiHai, on the coast, selling for that price.

Unfortunately, those selling apartments also know this, and would ask for same price if you show any interest on theirs.  The one live in was under 500,000 Rmb including terminations
maybe 8 years ago, today is at least 1.5 million.

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7 years 37 weeks ago
 
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yuans dollars or euros

and what is the average unit of land?

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7 years 37 weeks ago
 
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If you refer to my post, all cost numbers are in yuan (it is not yuans, but yuan).

And in China, the average unit of land area is called a "mu".

One acre is 6.07 mu, and one mu is 666.7 sq meters

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7 years 37 weeks ago
 
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different city with different price .

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7 years 37 weeks ago
 
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