This document is a paper on the rising trend of market-based property prices in China. It is stated that during twelve years from 1998 to 2010 the market-based price of houses tripled in China. In recent years of rapid economic growth, China has experienced massive housing-price increases. During the 12-year period from 1998 until 2010, the average selling price of market-based buildings in China more than tripled. Housing prices in China reached three peak points in 2004, 2007, and 2010, with growth rates of 15.01%, 24.56%, and 38.45% per year respectively. Graph one shows that housing prices decreased modestly in 1999 and 2008. During this same period, inflation rates in China were relatively mild (Graph 2), at 3.9%, 4.8%, and 3.3% respectively, far less than housing price growth rates.