DG Property Prices Soar

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Compared to Guangzhou and Shenzhen, the property prices in Dongguan have seemed quite steady over the last 10 years. This all changed at the end of last year, when the news about Dongguan’s subway connecting with Shenzhen’s subway were confirmed. By July, the most expensive properties are located at the border of Dongguan and Shenzhen in places such as: Chang’an, Huangjiang, Tangxia, Qingxi and Fenggang. Thanks to Shenzhen buyers, the average property price in Dongguan has now soared to 15,000 RMB per square meter. The average price near the border is well over 22,000 RMB.

From 2006 to 2015, property prices climbed steadily from 4,000 to 10,000 RMB. Properties in the city center had previously been the most expensive, demonstrating local Dongguan purchasing power. Last November, an agreement between Shenzhen and Dongguan railway construction groups was signed, committing that by 2020, a metro will run between the two cities. At that time, the average price in Shenzhen was an insane 50,000 RMB, which drove many Shenzhen buyers to reach out into Dongguan. According to research done by Hopefluent Group, property prices have increased by 1,000 RMB per month since February, reaching 15,000 RMB per square meter. The highest price in Dongguan appears in Tangxia at 26,000 RMB.

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