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Housing prices in tier-one cities.......>

CHINA PRESS
MNI (London)
CHINA PRESS: Housing prices in tier-one cities have cooled overall, with real
estate developers in Beijing and Shanghai trying a series of promotional tools
including offering discounts and free interior design, the CCTV Finance reported
on Tuesday.
- The CCTV reporter visited more than ten residential sales projects in Beijing,
finding all projects are offering discounts ranging from 1% to 15%. While in
Shanghai, there are projects offering BMW cars as a 'gift' for buying property,
the report said.
- According to the report, the supply of new homes in first-tier cities has
increased recently, and fierce market competition is the main drivers for
discount sales. The situation will likely continue, as an increasing number of
new homes are expected on the market in the near future.
(Link to the story: https://bit.ly/2AoaPFI)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Energy BulletsCommodities

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