Strong demand will sustain stable growth in the property market, Beijing Capital Land says, and support a planned price rise for flats at the developer's first commercial-residential project in the capital.
The stock of new residential properties available for sale in Beijing was below the historical average of about 80,000 units, said Hu Weimin, a vice-president of Beijing Capital Land, without citing a figure.
"The shortage of supply will continue to boost property prices," said Hu, who expects 10 per cent growth in prices this year.
via Business feed http://www.scmp.com/business/china-business/article/1236377/beijing-developer-keeps-faith-mainalnd-china-market
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