Shocking: Shanghai not China's most expensive city for housing





Hangzhou, the most expensive city in China for housing. Photo by psit.

China Daily has some devastating news for us -- we're NOT China's most expensive city when it comes to housing prices! That honour has gone to our neighbouring city of Hangzhou, with an average housing price of 25,840 yuan ($3,921.78) per square meter.

Beijing takes second spot, with an average housing price of 22,310 yuan per square meter, while Shanghai came in third at 19,168 yuan per square meter. These figures were released in a survey of 110 cities nationwide.

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