Property News · June 19, 2019

CK Asset sells 44 per cent of flats during weekend sale at Shanghai residential project as location, price controls draw buyers


Beijing’s curbs on how much ­developers can charge for homes has helped ­ignite sales, especially at the ­upper end of the market, as buyers snapped up nearly 500 flats at a prime project in Shanghai at ­prices 10 per cent lower than a similar development.The sale, at CK Asset Holdings’ Upper West Shanghai project, bodes well for other prime projects with artificially low prices, analysts said.CK Asset, which has two projects underway in Shanghai, netted 4.3 billion yuan (US$621 million) in the…

Source : South China Morning Post
Read more…CK Asset sells 44 per cent of flats during weekend sale at Shanghai residential project as location, price controls draw buyers

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