This paper introduces a 3D city simulation system which is based on geographic information system (GIS), covering all commercial housings of the city. A regional- scale, GIS-based approach is used to capture, describe, and track the geographical attributes of each house in the city. A sorting algorithm of “Benchmark + Parity Rate” is developed to cluster houses with similar spatial and construction attributes. This system is applicable for digital city modeling, city planning, housing evaluation, housing monitoring, and visualizing housing transaction. Finally, taking Jingtian area of Shenzhen as an example, the each unit of 35,997 houses in the area could be displayed, tagged, and easily tracked by the GIS-based city modeling and simulation system. The match market real conditions well and can be provided to house buyers as reference.