The most expensive house in Beijing

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Beijing Times
October 11, 2007

The top headline in today’s Beijing Times announces that a new development has claimed the title of most expensive residential property in Beijing for the third quarter. According to property listings year (as found on the Beijing Property Management Site), Seven Star Morgan Plaza (located across the road from the new Olympic water sports building — the ‘Water Cube’), has an average price of 53,064 yuan (US$7,062) per square meter. This is the first time that residential prices in Beijing have topped 50,000 yuan.

The front page photo shows kids performing a dragon dance. Yesterday, more than 3,000 primary students gathered in Haidian Park to celebrated the opening ceremony of an “Olympic Carnival.”

Other headlines:

  • The Ministry of Public Health apologized for the postponement of qualification exams for doctors. The test management department stated that because exam questions were leaked, the test will be indefinitely postponed from its original dates of September 22-23;
  • A lottery agent involved in the Handan lottery case was in court yesterday. The two bank employees involved in the case received death sentences; the agent helped them use 45 million yuan in bank funds to purchase lottery tickets;
  • According to a FIFA spokesman, goalside referees will be tested during the Club World Cup, to be held in Japan in December.
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