Chengdu

Grade 1 air quality:30 days a year

Median home price:8,116 yuan/per square meter

Chengdu, capital of Sichuan Province, features the lowest home prices among the five cities on the list as well as plenty of growing business opportunities, upgraded urban infrastructure and a more convenient life. It was one of the country's top 10 livable cities in 2006 and 2007 due to its mild climate and good air quality. In addition, its tasty cuisine made it the first Asian city named City of Gastronomy by UNESCO in 2010.