Parents looking for homes near prestigious schools
Apartment prices near the city’s reputable schools have risen up to 50,000 yuan per square meter from parents trying to secure a spot for their child in these prestigious schools. Housings like this attract attention every year since parents are always trying to get their child to study in the best primary and middle schools.
Many of the parents believe that ensuring their child studies in this schools can build a solid foundation for their future studies. Prices for these apartments shown a steady upward trend. Thanks to its vantage location, homeowners in residential compounds in Gouchen Garden and Nantian’er Garden offer up their places since the Shenzhen Experimental School in the Baihua Subdistrict is near them. A 44 square meter apartment in this compounds are estimated to cost 50,000 yuan per square meter, and right now only five apartments are for sale.
Its common for parents to buy apartments nears schools but they don’t tend to live there. After their child finished their studies most of these apartments are either rented out or sold. One family even left their 200 square meter apartment and lived in a 50 square meter one just so his child will be nearer to Shenzhen Experimental School.
Apartments that are close to high schools are also fast becoming popular, with over 10,000 apartments close to these schools there are only 15 left that were available for sale with price ranging from 20,000 to 50,000 per square meter. This surging prices attributes to the booming housing market and the municipal government is attempting to create a fairer system to offer more places at this reputable institutions.