Big news! Zhengzhou cancels the "price limit" measures for commercial housing
2024-07-31
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On July 31, according to the Zhengzhou Housing Security and Real Estate Management Bureau, after research by the municipal government, the housing security department will no longer provide guidance on the sales price of newly built commercial housing. Developers will sell at their own prices and go through the procedures for pre-sale (sales) permits (filing) for commercial housing.Recently, the real estate market in Zhengzhou has been relatively quiet. Data from Shell Research Institute shows that in the first half of 2024, the supply of new residential houses in Zhengzhou was about 1.7 million square meters, and the transaction volume was 2.61 million square meters, a year-on-year decrease of nearly 50%. Overall, supply and demand are at a low level; the average online signing price of residential houses is 12,765 yuan/square meter. In terms of inventory, as of June 2024, the inventory of new houses in Zhengzhou is 14.33 million square meters, and the average half-year sales cycle is 31.4 months, and the sales cycle is gradually lengthening.On-duty editor: Su Zhiyong
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