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Beijing property prices to fall in June as developers offer discounts

Posted on 25 May 2011

Prices at new property projects to be launched in Beijing in June are expected to drop to RMB 20,490 per square meter, down 3.9% from this month, the National Business Daily reported, citing data from Beijing-based Yahao Real Estate Selling & Consulting Solution Agency.
According to the data, 39 property projects will be launched in June in the city, 16 of which are brand-new, with an average price of RMB 19,913 per square meter, as more developers are choosing to offer discounts to counter the negative effects from the government’s property policies……………………………………….Full Article: Source


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