Beijing Sees Strong New Housing Project Sales Over Past Month
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Beijing's property market has seen a surge in new housing project sales over the past month, with some projects selling out at over 80%. The strong sales are attributed to unique advantages such as convenient rail transit, mature surrounding facilities, and reasonable pricing.
Beijing's property market has picked up since late March. New housing projects have seen strong sales, with some selling out at over 80%. Homes are priced between CNY4.5 million and CNY5.5 million. The Future City and Guoxianfu PARK projects sold 91% and 83% of available homes, respectively. New home sales in Beijing topped 3,711 this month as of April 13. The strong sales are due to unique advantages and reasonable pricing. The positive impact of Beijing's new real estate market policies has remained, with new home sales likely to further recover this quarter.
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