Beijing high-end homes may turn pricier in 2nd half

Prices of high-end properties in Beijing will see a steady rise in the second half of this year due to a supply crunch, industry insiders said.

"Owing to the government's tightening of real estate policies and the tepid market since last year, quite a number of high-end projects in the capital postponed their entry into the market, thus reducing supply," said Li Xiang, senior research manager at Savills, an international real estate services provider.

Demand from wealthy people for improved living standards, however, will not be much affected, and the value of high-end residential products will continue to appreciate, according to Anthony McQuade, managing director of Savills for the Northern China market.