Top 10 Chinese cities with highest property prices

The property market showed strong signs of recovery in the second quarter, as sales price and volume surged in 30 sample cities, said an industry report.

Property prices and transaction volumes in four tier 1 cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, reached a five-year high, according to data from E-house China R&D Institute.

Despite being a traditionally slack season, average home prices in 100 cities rose by 0.54 percent month-on-month in July to 10,685 yuan ($1,715) per square meter, the China Index Academy, a research unit of SouFun Holdings Ltd, said in a report.

Shenzhen led the nation with a 9.73 percent month-on-month advance, even faster than the 6.58 percent growth in June.

Here's a list of the top 10 Chinese cities with highest average property price compiled by Soufun.

10. Nanjing

Average price: 13,877 yuan per square meter

A car passes by a housing block in Nanjing, Jiangsu province, May 17, 2015. [Photo/IC]