In the eyes of most Chinese people, a house is a complex, a destination, and an insurmountable hurdle! Cities across the country have continued to rise since this century. With the advancement of marketization, the investment attribute of real estate has gradually become the main attribute.
A recent report released by CBRE, an American commercial real estate agency, shows that half of the top ten cities with the highest residential prices in the world in 2019 are located in Asia, and Hong Kong, China, is still the most expensive city in the world.
House Price Ranking
The first to bear the brunt is Hong Kong. The average price of a residential unit in Hong Kong is US$1.2544 million (approximately RMB 8.926 million), ranking first in the world.
The second and third ranked cities are Munich, Germany and Singapore respectively, with average unit prices of US$1 million (approximately RMB 7.1158 million) and US$915,600 (approximately RMB 6.5152 million) respectively. ).
The average price of residential units in Shanghai, Shenzhen and Beijing in China is US$905,800 (approximately RMB 6,445,500), US$783,900 (approximately RMB 5,578,100) and US$763,500 (approximately RMB 6,445,500) respectively. RMB 5.4329 million), once again ranked among the top ten in the world, ranking fourth, fifth and sixth respectively.
The main reason why China’s housing prices are so high is because it adopted the Hong Kong model to develop the real estate industry. Speaking of the Hong Kong model, Li Ka-shing is an inescapable figure.
Whether it is the people of Hong Kong or the people of the mainland, they all criticize this "richest man"!