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  1. Asked: May 22, 2025In:

    Which province has the highest housing prices in China?

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    As of May 2025, Shanghai and Beijing remain China's two most expensive housing markets, with prices shaped by policy dynamics and regional economic disparities, according to national housing price reports. 1. Shanghai Second-hand housing: The average price stands at 65,600 RMB/㎡, down 3.4% year-on-yRead more

    As of May 2025, Shanghai and Beijing remain China’s two most expensive housing markets, with prices shaped by policy dynamics and regional economic disparities, according to national housing price reports.
    1. Shanghai
    • Second-hand housing: The average price stands at 65,600 RMB/㎡, down 3.4% year-on-year but still the highest nationally.
    • New housing: Prices reached 60,709 RMB/㎡ in April, marking a 0.5% month-on-month increase—the strongest growth among 70 major cities. This reflects robust demand for premium properties and policy support for quality housing initiatives .
    2. Beijing
    • Second-hand housing: The average price is 53,072 RMB/㎡, down 9.78% year-on-year, influenced by adjustments in the broader market and inventory pressures.
    • New housing: Prices stabilized at 57,813 RMB/㎡, supported by policy-driven demand in core areas, particularly for high-end and well-located developments .
    Key Observations
    • Regional performance: Guangdong (Shenzhen: 64,327 RMB/㎡) and Zhejiang (Hangzhou: 34,825 RMB/㎡) also rank among the top markets, highlighting the concentration of high-value properties in economically vibrant regions.
    • Policy impact: Shanghai’s “good housing” initiatives and Beijing’s targeted demand stimulation have stabilized prices in key areas, while nationwide policy adjustments (e.g., relaxed purchase restrictions, loan incentives) aim to balance supply and demand .
    • Market trends: Despite short-term fluctuations, long-term factors like urbanization, income disparities, and housing quality upgrades continue to drive price differentiation across cities.
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