A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout

China’s real estate is on fire: luxury homes in Shanghai, Shenzhen and Guangzhou are gaining value faster than anywhere in the world – while prices dip in New York, London and Dubai

  • Luxury homes are gaining value at the fastest rate since 2017 and Asia is leading the charge, with Shanghai, Guangzhou and Seoul all in the world’s top five
  • Meanwhile high-end homes in New York, Paris, Dubai, London and Hong Kong all lost value, according to Knight Frank’s quarterly track of 46 key global cities

A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
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