Web Exclusive

China's top 10 luxury homes

(chinadaily.com.cn)
Updated: 2010-04-01 17:07

The World in Guangzhou, Nanjing Zhongshan International Golf Villa and Tomson Riviera in Shanghai ranked as the top three on the list of China's Ten Most Expensive Homes in 2010, released by World Executive Group on Wednesday in Beijing, Guangzhou Daily reported Thursday.

No 1 Guangzhou The World

Among the top 10, Beijing and Shanghai boast three each, and Shenzhen has two, while Guangzhou and Nanjing gets one each.

The ranking was made according to indicators such as popularity, cost performance, return on investment and consumer satisfaction index.

"Although we haven't fixed the price for The World, I expect it no less than 60,000 yuan per square meter, and the property management fee as much as 100 yuan per square meter each month." said Yuan Jinrong, president assistant of Guangdong Zhongli Group, which developed The World.

Based on the fact the first batch houses of The World takes up 900 square meters each, the house would cost no less than 54 million yuan.

Responding to the fact that Shanghai Tomson Riviera homes aren't selling because of its sky-high price, Yuan said, "We are well prepared since it may take more than 10 years to sell a high-ranking house."