Residential property developers in Beijing now believe that an unofficial price ceiling seems to have been set by city officials on new projects – at 80,000 yuan (US$11,774) per square metre.
The capital’s latest project, China Seal, just outside the southern second ring road, will be released for sale on Thursday after being granted a presale permit, at 79,458.99 yuan per square metre.
But according to industry sources, of all the new projects granted sale permits this year, not a…
Source : South China Morning Post
Read more…Beijing developers fear 80,000 yuan per sq m is the unofficial red line not to be crossed















