Straight from Ronnie C. Chan on China’s Property Market Boom
Latest on
Ronnie C. Chan, chairman of Hang Lung Group Limited and Hang Lung Properties Limited, discusses the economic implications of the property market boom in Hong Kong and mainland China in this talk at the Sir Gordon Wu Distinguished Speaker Forum, sponsored by the Jerome A. Chazen Institute of International Business at Columbia Business School. The Sir Gordon Wu Distinguished Speaker Forum brings recognized business leaders and policy makers to New York to share their perspectives on China’s economy and business practices. To learn more, visit www4.gsb.columbia.edu
Latest on

23-06-2008 Beijing’s property market has been in a period of stagnation since the end of last year, with many buyers taking a wait-and-see attitude. Anxious developers have been quick to react, launching promotions and discounts to fire up the market. Close to the subway at Beijing’s South Third-Ring Road, several housing projects have gone on the market in the last few months. And this project features especially eye-catching promotions. Buying a single bedroom apartment comes with a free gift, a new car worth up to 110 thousand yuan. While buyers lucky enough to come up with the entire payment can get a ten percent discount. Meanwhile, a survey conducted by Homelink Properties shows that nearly 80 out of 100 projects currently for sale are offering discounts. Many new projects have set their prices lower than others in the neighborhood, with some going even lower than price-tags for second-hand properties. The old projects, struggling with sluggish sales are coming up with other strategies such as offering free cars or waiving administration fees. Some promotions have managed to catch the attention of consumers. But actual transaction volumes remain unimpressive. A new project at Liuliqiao is selling for 15 thousand yuan per square meter. Many visitors have showed up after sales started last weekend. While a notice board on the wall shows how many apartments have already been sold. But what is the real transaction volume? The Beijing property transaction administration …
Video Rating: 4 / 5
Would this info about property market be of interest?
December 13, 2010
|
Posted by
Categories:
Tags: 