It is known that the prices for the residential units from the Beijing Olympic Village arrived at 2.826 euros/ sqm (30.000 yuans) and will be available for sale after The Olympic Games will be finished.
The cost of the Olympic Village is not different from the cost of a regular development as stated by Mr. Ding Jianming, engineer in the Beijing 2008 Olympic Project Construction Headquarters Office. The name of the village is Dream World 2008 and doesn’t need big investment in marketing because, by default its image is associated with The Olympic Games brand which is a huge, huge anchor. The profile of current buyers for apartments in Beinjing is of clients for personal use and investors buying 2,3, 10, 20 or more apartments. There is not something very different here than other markets. The price for residential sqm built in Beijing increased 3.5 times from 2001 when this city was allected as host for the 2008 edition of Olympic Games due to a statement issued by the local real estate brokerage agency 5i5j. The government spent 40 bn USD to improve the city’s infrastructure for The Olympics.

The figure of figures!!!
The price for a sqm built for a new apartment in Beijing represents the medium annual income of a regular Chinese and the big question is if the demand will be (not the same) but kept at a high level after The Olympics? The analysts said that the potential in Beijing is incredibly high for new developments so there is still much pace for growth.


2 thoughts on “How much will increase the Beijing real estate market after The Olympics?”