2012-08-26

Chinese developers betting it all on Gold September and Silver October

Gold September and Silver October are going to make or break the developers in Beijing this year. Price increases are coming, having been held back in anticipation of the busy season for real estate.

Some new developments were held off the market in the wake of the July rainstorm and others were held back waiting for the September/October selling season. About 80% are outside of the 5th ring road and a similar percentage are below 140 square meters, meaning the bulk will be aimed at the middle class.

One developer said they'd sound out the market and expected price increases of 5% to 8%, but if the pick-up in volume holds through September and October, price increases up to 10% are the historic norm.

Source: 北京开发商豪赌金九银十 推迟开盘酝酿提价

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