Nation's Priciest 'British Chic Mansions' Under Construction by Beijing

by Nancy Needhima on  August 1, 2012 at 4:44 PM Lifestyle News
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39 Palladian mansions is getting built by Chinese developers in a suburb of Beijing, estimated at a minimum of 10 million pounds to the government, is flaunted as the country's costliest housing estate.
Nation's Priciest 'British Chic Mansions' Under Construction by Beijing
Nation's Priciest 'British Chic Mansions' Under Construction by Beijing

The Mentougou Estate comes as the latest in a long line of developments feeding China's ever-growing property bubble, which has seen the market filled to the brim, with a reported 64 million empty homes and grossly overvalued properties.

Targeting Beijing's super-wealthy businessmen working class, the Mentougou Estate would be based on neo-Georgian designs and would be ready by the end of 2013.

"These homes are aimed at the very wealthy buyer and have to be perfect," the Daily Mail quoted a spokesman of the Mentougou Estate, as saying.

However, there is a question as to whether anyone will buy accommodation in the plush residential estate, as the Chinese property market is already flooded with high-priced but deserted properties, the paper said.

Source: ANI

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