Guangzhou's housing property market began to recover amidst China's efforts to curb inflating housing prices. Many local real estate developers are now adopting a new strategy by attracting more buyers with much lower opening prices than previously advertised.
Over the past weekend, there was a significant rise in the number of citizens visiting new homes. Citizens waiting in long queues said they thought prices aren't likely to drop and shall continue to rise.
Statistics show that over the past week from September 6th to 12th, over 2900 housing contracts were signed in Guangzhou, three times more than last month. Huang Tao from Centaline Property Agency said,
"Record" The shortage of real estate in the central districts still exists, whilst houses in suburban areas, such as Huadu and Panyu districts shall need to lower their prices to boost sales.
