Can Shanghai absorb 84,000 homes this year amid slowing sales, rising prices?

Quick Summary:

Some 30,000 flats from 270 projects are due to be launched this year, while developers are sitting on an inventory of 54,000 units.

Based on last year’s sales, developers could take more than a year to offload their inventory.

A file photo from February 2024 of an under-construction Country Garden residential project in Shanghai.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Inventory Slowing According Property Year Sales Rising Last Absorb Homes Shanghai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-26 @ 15:29:56 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 218 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25442997

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