House prices in first-tier cites in China During ten years, house prices have increased tenfold in Beijing, and as the same situation occured in orther first-tier cities, such as Shanghai, Hangzhou, Guangzhou, etc. in 2000, the average house price is in the range of 7000 to 10000 RMB per square meter, however, this year the average house price is in the range of 70000 to 100000 RMB per square meter within the third ring road, which is almost equivalent to the average price in Hongkong. Nowdays we might have been familar with the title of land kings, on the day befor yesterday, only one day time, there are three land kings occured in Beijing, Shanghai and Hangzhou. This behaver of developers may inctroduce a round panic.