Beijing prices up 10% in June

Would a property developer choose midnight to sell new homes? Usually not. But the strange phenomenon did happen several weeks ago in Beijing.

Wary that disappointed people who failed to buy property would make trouble, the developer chose to open home sales at midnight.

Located in the capital's central business district, the project attracted over 1,000 potential buyers for 200 units on sale even as prices jumped from 9,000 yuan to 11,000 yuan a square meter over the month before sales even commenced.