2015-01-23

Buyers Still Wait and See In Beijing

An article in the Beijing Evening News argues that Beijing buyer's hopes for falling prices have increased. Also, due to many developers focusing on the high-end market, a price war over luxury homes could kick off in 2015. High prices at land sales, while good for Beijing government finances, are also a sign that luxury supply will be high.

iFeng: 2015年楼市释放宽松信号 购房人或加深观望

Beijing's deputy mayor says buying restrictions won't be lifted. He's answering recent public discussion of the policy.

Chen Gang, vice mayor of Beijing in Beijing Fourteenth General Assembly on behalf of the third meeting of the People sub-group team meeting, said that the city real estate has gradually entered into benign and healthy development stage . Beijing housing price, limited credit policy has been liberalized, but do not consider lifting the restriction.

Chen said, housing prices return to reason, regardless of new homes last year, second-hand house prices fell by an average of about 2% to 3%. "Reducing the move to sell." Chen Gang said, "Last year, 100,000 new homes for sets, sold 69,000 units, almost reaching 70%." In addition, the real estate investment structure has also been optimized to return to the residents who own homes, rather than speculators and house flippers.

iFeng: 北京市副市长陈刚:北京不考虑取消住宅限购

Beijing will continue supplying affordable housing to the market, selling it for 70% of the surrounding market price. Additionally, the remodeling of up to 100,000 shantytown homes is expected to be completed in 2015.

iFeng: 北京自住房不停止供应 按周边房价70%制定售价

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