In 2018, the Forbidden City's market value was estimated at 70 billion USD, making it both the world's most valuable palace and the most valuable piece of real estate anywhere in the world. Since 2012, the Forbidden City has seen an average of 14 million visitors annually, and received more than 19 million visitors in 2019. It is listed by UNESCO as the largest collection of preserved ancient wooden structures in the world. The palace exemplifies the opulence of the residences of the Chinese emperor and the traditional Chinese palatial architecture, and has influenced cultural and architectural developments in East Asia and elsewhere. The complex consists of 980 buildings, encompassing 9,999 rooms and covering 720,000 m 2 (72 ha)/178 acres. The Forbidden City was declared a World Heritage Site in 1987. Since 1925, the Forbidden City has been under the charge of the Palace Museum, whose extensive collection of artwork and artifacts were built upon the imperial collections of the Ming and Qing dynasties. The Forbidden City served as the home of Chinese emperors and their households and was the ceremonial and political center of the Chinese government for over 500 years. The Forbidden City was constructed from 1406 to 1420, and was the former Chinese imperial palace and winter residence of the Emperor of China from the Ming dynasty (since the Yongle Emperor) to the end of the Qing dynasty, between 14. It is officially administered by the Palace Museum. It is surrounded by numerous opulent imperial gardens and temples including the 22 ha (54-acre) Zhongshan Park, the sacrificial Imperial Ancestral Temple, the 69 ha (171-acre) Beihai Park, and the 23 ha (57-acre) Jingshan Park. The Forbidden City ( Chinese: 紫禁城 pinyin: zǐ jìn chéng) is a palace complex in Dongcheng District, Beijing, China, at the center of the Imperial City of Beijing.
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