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Chinese developers eye price hikes for new high-end projects
But trend is not likely to spill over into broader market due to a glut of unsold homes
Add BT as a preferred sourcePublished Mon, Feb 16, 2015 · 09:50 PM
Hong Kong
SOME Chinese developers are planning to raise prices for new luxury projects in prime areas this year, in a rare sign of improving sentiment in a market that saw new home prices fall for the last eight months of 2014.
Luxury property sales took a hit last year as China's anti-corruption campaign discouraged conspicuous consumption, but buyers are now taking advantage of easier credit and a stock market rally to upgrade their homes.
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