Chinese cities account for the top eight rankings in Global Residential Cities Index compiled by international real estate group Knight Frank.
Nanjing topped the chart, posting price growth of almost 43 per cent in the 12 months to the third quarter of 2016.
Shanghai was not far behind with growth near 40 per cent, followed by the technology hub of Shenzhen of 35 per cent. Prices surged more than 30 per cent in the capital, Beijing.
China’s policymakers have moved to cool the market in recent months.
Photo of Shenzen – China
Rewi Alley Memorial at Totara Vale Rewi Alley Reserve Intrigued by what he had read about China, Alley left New Zealand in December 1926 ‘to go and have a look at the Chinese revolution’. He would stay for 60 years, becoming one of China’s best-known and best-loved foreigners. By the … Read more
Great to be able to support the Mairangi Bay Bowling club for the eight year running. Winnie and Steve presented the prizes at the end of the day.