Related News
Home 禄 Business 禄 Real Estate
Developers to increase price cuts in March
By Cherry Cao |
February 29, 2012, Wednesday
|
Online Edition
Online Edition
MORE real estate developers will offer price cuts in Shanghai this March in an obvious move to trigger buying sentiment among home seekers as no signs of policy loosening can be anticipated at least in the near term, the latest industry research has found.
Discounts will be available at around 205 residential projects, including both apartment and villa developments, across the city in March, compared to 192 projects in February, according to Soufun.com, operator of the country's largest real estate website.
Pudong New Area, due to its expansive size, will continue to lead the market with 37 developments introducing discounts, immediately followed by Songjiang District, 30, and Qingpu District, 26.
"Since last December, the number of housing projects offering cuts and promotions has been hovering around 200 in the city, compared to an average of 134 developments available during the first 11 months of 2011," said Qu Peng, a Soufun analyst. "More developers are pinning their hopes on the upcoming few months for improved sales performances amid gradually-recovering market momentum since the end of the Spring Festival holiday."
Purchases of new homes, excluding government-funded affordable housing, rose for the fourth straight week to 140,400 square meters last week, or the highest in about two months, mainly boosted by deals involving mid- to low-end apartments where a minimum 10 percent price cut was available, Shanghai Deovolente Realty Co said earlier in its weekly report.
Discounts will be available at around 205 residential projects, including both apartment and villa developments, across the city in March, compared to 192 projects in February, according to Soufun.com, operator of the country's largest real estate website.
Pudong New Area, due to its expansive size, will continue to lead the market with 37 developments introducing discounts, immediately followed by Songjiang District, 30, and Qingpu District, 26.
"Since last December, the number of housing projects offering cuts and promotions has been hovering around 200 in the city, compared to an average of 134 developments available during the first 11 months of 2011," said Qu Peng, a Soufun analyst. "More developers are pinning their hopes on the upcoming few months for improved sales performances amid gradually-recovering market momentum since the end of the Spring Festival holiday."
Purchases of new homes, excluding government-funded affordable housing, rose for the fourth straight week to 140,400 square meters last week, or the highest in about two months, mainly boosted by deals involving mid- to low-end apartments where a minimum 10 percent price cut was available, Shanghai Deovolente Realty Co said earlier in its weekly report.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
