Xu Jintan, 47, never wants to go back to the life she had ten years ago.
The average price in the first nine months of this year for future delivery homes located within Beijing's Fourth Ring Road was 19,109 yuan ($2798.8) per sq m.
Beijing could arguably have more restaurants than any city in the world and most start-ups come crashing down within months of their opening their doors.
"Is that money?" A friend visiting from overseas recently asked, pointing to a pile of one jiao bills I had haphazardly discarded on my living room table the night before.
I know several lavish spenders. They've bought their second big house and made it their weekend homes.
WeLiveinBeijing.com has become a well-known online community for foreigners as well as Chinese.
The city's first foreign-owned consignment store has opened in Chaoyang district, offering luxury handbags and accessories at a fraction of the cost.
The most famous Swedish import in China is IKEA, the furniture and homeware store. Perhaps the second-most famous is 45-year-old Johan Bjorksten, or Da Long, as he is known in Chinese.
Some expats are cashing in on Beijing's property boom and believe there are bargains to be had despite price rises.
When 27-year-old Li Lin invited his parents to Beijing to visit the model apartment he had just bought, the family was surprised and very happy at how wildly its value had changed in a short time.
A high turnover rate and talent shortage have long plagued China's fund managing business, especially at a time when capital markets have been slowly recovering from the 2008 crash.
Home price in Beijing would stabilize and rise moderately in next five years, Liu Xiaoguang, president and chief executive officer of Beijing-based Capital Group, said here Friday.
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
