Diaoyutai Courtyard Number 7, the most expensive home in China


Antilia is the most expensive house in the world, and understandably so. But this news certainly got us by our nose: A luxury penthouse apartment of no more than 1,000 sq m is on sale for nearly Rmb300 million, that’s about 6.2 million in dollars. And what pray we ask the justification point is? Surprisingly it is not just the historic location — it’s right next to the Diaoyutai State Guest House, the official compound in western Beijing where Madame Mao and the other members of the ultra-leftist established their headquarters for Cultural Revolution (1966-1976)– that you pay such an exorbitant price for, but also the furnishings, the layout and the subtle details, which includes a carpark. And this in times when the Chinese government is encouraging austerity, at least in the property market.
[FT]

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