Top cities key housing draws By WANG YING in Shanghai | CHINA DAILY | Updated: 2021-05-06 07:12 Share CLOSE
Shanghai s new property projects remain popular during May 1-5
Growing enquiries for new home projects in major Chinese cities during the five-day Labor Day holiday are an indication of homebuyers preference for living in the country s top-tier cities, experts said.
Meanwhile, disappearance of speculation on the property market in Shanghai and the stabilized residential market in Beijing have proved that tightening measures are successful in guiding the housing market on a healthy development path, they said.
Regardless of their location, new housing projects in Shanghai remained extremely popular during the holiday. A project in the remote Jiading district, launched a day ahead of the holiday, saw all 360 flats in its first phase sold out by Tuesday afternoon at an average price of 59,000 yuan ($9,113) per square
Come rain or shine, homes near schools win on sustained demand By WANG YING in Shanghai | China Daily | Updated: 2021-05-03 08:22 Share CLOSE A pedestrian passes a property agency hanging a homes near schools on sale sign in Shenyang, Northeast China s Liaoning province, on March 6. [Photo provided to China Daily]
Major Chinese cities, including Beijing and Shanghai, have launched measures to cool down sales of school-qualified apartments, once much coveted by families with school-going children, said experts.
The Shanghai Municipal Education Commission announced in March it will reform senior middle school admission rules. This sparked speculation on the possible impact of the new rules on the city s overheated market of homes near schools.
Prospective homebuyers gather to look at residential project models during a building opening ceremony at a shopping mall in Shanghai on March 28, 2020. - China Daily
BEIJING (China Daily/ANN): Even after the May Day holiday, China s residential property market will remain upbeat as demand is expected to be firm during the rest of the year in spite of the tightening of home-buying rules, industry insiders said.
This could, however, still pose risks to those who may have entered the market purely for investment or speculative purposes, they said.
In late April, Tang Hua, senior director and head of China residential sales with Savills China, said she expects to see a surge in prospective homebuyers visits to properties during the five-day Labour Day holiday.
Expected high economic growth, urbanization, first-time buyers, lifestyle aspirations will offset effect of tighter rules
Even after the May Day holiday, China s residential property market will remain upbeat as demand is expected to be firm during the rest of the year in spite of the tightening of home-buying rules, industry insiders said.
This could, however, still pose risks to those who may have entered the market purely for investment or speculative purposes, they said.
In late April, Tang Hua, senior director and head of China residential sales with Savills China, said she expects to see a surge in prospective homebuyers visits to properties during the five-day Labor Day holiday.
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