Property News · February 14, 2017

Developers in Beijing suburbs forced to go upmarket with new homes


Beijing’s escalating home prices are spreading outwards from the city centre to its outer suburbs amid a scarcity of new, unbuilt parcels of land, forcing the neighbourhoods to go up market.
The latest example is a new project by Greenland Holding Corp in Daxing(大興) district outside the Southern Fifth Ring Road, which defines the southern perimeter of the city designed as a series of concentric squares.
Apartment units measuring 3,490 square metres (37,566 square feet) were…

Source : South China Morning Post
Read more…Developers in Beijing suburbs forced to go upmarket with new homes

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