High-end Beijing properties prices to grow in 2013

Beijing's real estate market sentiment will remain positive in 2013 while high-end apartment prices will continue to rise moderately, real estate service provider Jones Lang LaSalle said on Tuesday.

The assessment was based on a potential pick-up in China's economic growth and that there will be no further radical change to property market policies.

The market is likely to continue to be supported by end-users, and investment demand will likely remain relatively thin under the current policy environment, the company added.

However, property will remain attractive investments, given the relatively low interest rates and thin returns from financial investment products.

"With restrictive measures on home purchase and mortgage borrowing remaining in place in key cities in 2013, we do not expect to see a sharp hike in sales volume or prices," the company said.