Property News · March 7, 2017

Chongqing’s rising home prices unlikely to slow as developers tap demand from non-residents


Residential sales in Chongqing have softened according to government data but the trend of rising home prices in the western Chinese city is unlikely to end as developers ask higher prices for their upcoming new launches.
There were 47,627 units sold in January, down about 25.6 per cent from the peak in December last year, the city’s official data shows. Real estate agents said sales activity also slowed down in February.
But analysts such as Jasmine Ma, head of strategic consulting at…

Source : South China Morning Post
Read more…Chongqing’s rising home prices unlikely to slow as developers tap demand from non-residents

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