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December 1, 2011

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More Housing Developers Offer Discounts

MORE residential projects in Shanghai will offer discounts in December, with more than 80 percent sited in the outlying areas.

The developers of 190 housing projects, comprising apartments and villas, will provide discounts this month, up from 169 in November, according to latest data released by real estate website Soufun.com.

The data showed that 156 projects, or 82 percent of the total, are located beyond the city's Outer Ring Road. By district, Pudong New Area leads with 44 projects.

The number of projects offering discounts has grown for two straight months in Shanghai. In December, 21 projects are offering discounts of at least 10 percent, up from 19 projects in October.





 

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