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More home projects to trim prices
By Cherry Cao |
October 26, 2012, Friday
|
Print Edition
Print Edition
THE number of residential property developments offering discounts may rebound in Shanghai next month as some developers gear up for the yearend.
A total of 193 housing developments comprising apartments and villas will give discounts in November, the most in three months, according to a research released yesterday by Soufun.com, which operates China's largest real estate website.
For six consecutive months through August more than 200 residential projects offered discounts. The number then fell to 189 in September and to 174 in October, Soufun said.
"Some developers plan to unload more of their inventories to replenish capital as the yearend is approaching," said Qu Peng, a Soufun analyst. "Notably, we are seeing more projects located within the Outer Ring Road offering price cuts next month."
Pudong New Area leads with 44 projects offering discounts.
A total of 193 housing developments comprising apartments and villas will give discounts in November, the most in three months, according to a research released yesterday by Soufun.com, which operates China's largest real estate website.
For six consecutive months through August more than 200 residential projects offered discounts. The number then fell to 189 in September and to 174 in October, Soufun said.
"Some developers plan to unload more of their inventories to replenish capital as the yearend is approaching," said Qu Peng, a Soufun analyst. "Notably, we are seeing more projects located within the Outer Ring Road offering price cuts next month."
Pudong New Area leads with 44 projects offering discounts.
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