Standing in the shouting tumult of a Chinese real estate fair, Chen Shiyong said it seemed he was watching a suicidal man on top of a building ignoring the pleas of bystanders to pull back from the edge.
Construction lawyer Ashley Howlett has lived in Beijing for six years. He says China is full of opportunities and wants to stay in Beijing for as long as he can, but also says he will not buy an apartment here because it would not be worth the millions of yuan it would cost.
The Grade A office market in China's key cities showed a strong rebound in the first quarter, as the global economic recovery led to rising rents for the first time since the recession and brisk investment activities, major real estate service providers said on Wednesday.
Sales of residential housing in first-tier cities, such as Shanghai and Beijing, rebounded in March, said a Shanghai Securities News report on Friday.
China's overall property price will climb 3.3 percent to 6 percent this year, with the first-tier cities experiencing an adjustment in the fourth quarter, China Real Estate Index said in a report over the weekend.
Around 30 percent of people selling second-hand homes in Wangjing, Chaoyang district, have terminated contracts with buyers in recent days in anticipation of prices shooting up even higher.
Chinese equities closed lower on Tuesday, led by financial stocks and property developers.
Beijing's second-hand housing market appears to be witnessing a revival, after a lengthy low caused by a strict tax policy.
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