Property News · November 22, 2018

Chinese developers under pressure to lower prices at new projects, says Longfor CEO Shao Mingxiao


Home prices in China will continue to fall, as new projects in particular face slowing demand, according to the boss of one of the country’s biggest property developers.
Shao Mingxiao, CEO of Longfor Group, said life is becoming tougher for builders after a slew of government measures in recent months to take the heat out of the market.
“We see that the purchase cycle, from visiting a project to sealing the deal, has become longer as buyers are getting cold feet. Doing property…

Source : South China Morning Post
Read more…Chinese developers under pressure to lower prices at new projects, says Longfor CEO Shao Mingxiao