Latest News:  
Beijing   Cloudy/Sunny    33 / 21 ℃  City Forecast

English>>China Business

Mixed outlook on cost of homes (2)

(China Daily)

08:22, August 28, 2012

"An obvious signal of a gloomy market for luxury homes is that many projects, or first-hand home owners who want to sell, are offering discounts, something rarely seen before," said Chen.

Chen Yuanyi, an agent with City Real Estate, said they sold fewer than 10 luxury homes in the first half of 2012.

"Luxury apartments with space between 180 and 250 square meters are more popular than those of other sizes," said Chen.

A villa project in Sheshan, in suburban Shanghai, is being offered at a 45 percent discount. The average price of 15 million yuan per unit in August 2011 dropped to 9 million yuan by June 2012, according to the property information platform of the Internet portal

Developers and home-owners often offer lower price than the quotes released on websites if buyers can pay in cash, said Zhang Xueyi, an agent in Jing'an district.

It is a tough time for high-end residential properties in Shanghai amid strengthened policy control, according to Jenny Wu.

【1】 【2】 【3】 【4】 【5】

News we recommend:
Amusement parks boost real estate market Survey shows SOE jobs are top choice CNOOC pushes ahead with Nexen acquisition
The Pain of a Pension Deficit Staying on Target More new grads opt for State firms
Treading Lightly for Fast Growth  Questions raised over stores' price war A fertile ground for overseas banks


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Female panda born in Sichuan

  2. Cool moments of this summer

  3. Apple losing smartphone battle to Samsung

  4. 2012 China Miss Tourism Int'l crowned

  5. Female stars in see-through dress

  6. The most expensive hotel in Dubai

Most Popular


  1. Public needs to see where tax money goes
  2. Should China boycott Japanese goods?
  3. US launches financial attacks against its allies
  4. When will Chinese-style love tragedy move world?
  5. Stakes high for Romney in Republican convention
  6. The costs of luxury spending are booming
  7. Sleeper buses need best mechanic in country
  8. Commentary: Quality of governance essential
  9. Brand positioning through experience
  10. Visits highlight Cairo foreign policy change

What's happening in China

Man pricked by syringe with HIV

  1. Disgruntled ex-employee burns 3 dead
  2. China launches $372 bln pollution reduction drive
  3. 'Special-ability' class taught kids to cheat
  4. Island will boost Pearl River vision
  5. Acid rain hangs cloud over province

China Features

  1. China no longer simply 'world's factory'
  2. Sharp depreciation of yuan unlikely
  3. Special Coverage: Chinese Valentine's Day
  4. Rare tornadic waterspouts appear in Guangxi
  5. Tips for 'Stopping the Heat' [Special]

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai