Property News · April 11, 2018

Shanghai developers receive pre-sale permits to begin luxury sales, but there’s a catch


A number of luxury Shanghai residential projects have secured permission from authorities to start sales, even as government curbs on the property market in place since last year could mean developers will have to accept lower prices.
At least seven high-end projects, involving developers Shui On Land, Poly Real Estate Group, China Sunac Holdings and Tahoe Group Company, have won pre-sale permits from Shanghai authorities, according to the website of Shanghai housing authority. The real estate…

Source : South China Morning Post
Read more…Shanghai developers receive pre-sale permits to begin luxury sales, but there’s a catch

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