So much for living more cheaply in China.

Apartments in Beijing's Yintai Center are going for $8,750/sq meter = $870 sq/ft.

Shanghai's Riviera apartments go for $1,200 sq/ft.  Golly, a 2,000 sq ft apartment (not house) goes for $2.4 million.

But they apartments don't come in that small a size.

The Beijing apartments are located on the 50-53rd floor of a 63-floor building, 150 meters above ground. They are 6,000 – 9,000 sq ft (550-860 sq meters) in size.

There is a problem, however, with these units being priced so high…they are not selling. Shanghai's Riviera has sold only 2 of 220 units in two years.

At that rate, it will be 2225 before they are all sold.

I couldn't buy one, could you?

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