¥43,000,000 CNY | Beijing, China | Beijing Sotheby’s International Realty

“Since our grand opening in October 2014, Beijing Sotheby’s International Realty has been attracting the attention of leaders in China’s luxury real estate industry. From top developers to leading real estate brokers, the power and global reach of the Sotheby’s International Realty brand is causing a paradigm shift with how homeowners list exclusive properties in Beijing. We are already starting to see increased interest by overseas buyers who see opportunity with the recent weakening of the Chinese economy and depreciation of the Yuan. Most recently, Beijing Sotheby’s International Realty secured exclusive representation for a traditional Courtyard Garden home or Siheyuan (“Four Sided Garden”), the historic symbol of old Beijing. With architectural roots that date back over 1,000 years, these ancient residences are being restored and selling for record prices. This 17,000 square foot historic home is fully updated with modern amenities, beautifully preserved ancient rosewood architecture and situated in the center of Beijing – just blocks from Beijing’s Palace Museum. The seller has listed this treasure exclusively with Beijing Sotheby’s International Realty for $79 million (USD).” – Yu Tao, Senior Manager, Beijing Sotheby’s International Realty

Source: Beijing | Market Spotlight — Posted on April 16, 2015 by Lindsey Scharf — www.sothebysrealty.com/extraordinary-living-blog