Next Neighbourhoods: Fengtai, Beijing, China
Regina Yang Head Of Research & Consultancy at Knight Frank Shanghai & Beijing explains why Fentgai, Beijing, with its luscious green spaces, small communities and Yongding River running north to south, is a neighbourhood to watch
1 minute to read
Why is it up and coming?
Once a gathering place for the city's wholesale markets, Fengtai is now home to the Lize Financial Business District (FBD) and Daxing International Airport. The establishment of a City Terminal providing in-town check-in services will further attract developers, along with a new Airport Express rail link which takes just 20 minutes.
My favourite bits
I enjoy the large-scale landscaped area and green parks such as Qinglonghu Park, Yingshan Forest Park, the Garden of World Flowers and the World Terrestrial Heat Park, a thermal spa with natural hot springs.
Who’s buying?
Domestic buyers remain the market drivers, but the new FBD with its easy airport access is expected to prove a draw for overseas investors, particularly from Germany, France, the UK and the US.
What will my money buy me?
The average residential price in Fengtai is about Rmb80,000 per sq m. Budget around Rmb8 million for a 100 sq m two-bedroom flat.