Property News · June 13, 2017

Beijing developers fear 80,000 yuan per sq m is the unofficial red line not to be crossed


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
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