This is the third phase of Phoenix City Apartments, which are due to be ready by the end of this year, in plenty of time for the 2008 Olympics. By 2007, the Chinese will ban all new building in the city until after the Olympics.

According to IIA, China's economy is booming, with around 800m being spent by foreign investors every week, and 9.3% growth predicted for this year.

And with a total population of 1.5 billion, property specialists say a further 400 to 500 million square meters of residential development is needed every year over the next 20 years.

Designed as top-of-therange apartments, units in this development are larger than average, ranging in size from a onebed of 78sq m (839sq ft) to a three-bed, three-bath apartment of 230sq m (2474sq ft). All units come fully furnished and ready to go. The complex will include an outdoor and indoor pool, and the entire scheme will be managed by Jones Lang La Salle.

Set on the third Ring Road in the Lufthansa business district of Beijing, apartments at Phoenix City are within walking distance of the corporate headquarters of Microsoft, Volkswagen, BMW and Sony, ensuring strong rental potential.

The development is also close to the airport expressway and the new metro line which provides high-speed access between central Beijing and the airport.

"The potential in China is phenomenal and the response we have had from Irish investors in the last three months has been very encouraging, " says Patrick Parsons, director of IIA.

One-beds are from 120,000, two-beds are from 160,000 and threebeds are from 280,000.

Further information from IIA 087-9185000 or www. investors-in-asia. com