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Property developers slash home prices
Two property developers slashed their prices and created turmoil in the Hangzhou housing market, the local Qianjiang Evening News reported Sunday.
Hangzhou-based DoThink Real Estate slashed the price of 200 apartments by 12 percent from 18,000 yuan ($2,956) to 15,800 yuan per square meter on Tuesday. The homes immediately sold out.
Zhejiang Guanghong Real Estate Development Co announced a 4,000 yuan cut in a project on Friday, prompting angry homeowners to topple a model
dacare This entry was posted on February 24th, 2014 at 12:15:45 pm by dacare and is filed under News of China.