High-end apartment sales surge in Beijing

Transactions surge as real estate market recovers from sluggish trend seen during last year

While ordinary residential property market in Beijing is warming up from a frosty 2014, luxury apartment market is sizzling, experts said on Thursday.

By the end of July, a record 148 apartments with a sale price of more than 100,000 yuan ($16,100) per square meter were sold in the national capital, the highest in Beijing's property market history, according to Centaline Property Agency.