[photopress:HenryChengKar_shun.jpg,full,alignright]New World China Land has said it will roll out its newest batch of luxury apartments in Beijing this month. The mainland property arm of Hong Kong-listed New World Development also said it is awaiting clarifications about rules announced in May by the central government, requiring property developers to build smaller apartments.
New World China Land chairman Henry Cheng Kar-shun (seen above) said in Beijing that cooling measures targeting real estate will not dampen sales of its Beijing project. He said, ‘I believe the measures are healthy for the whole mainland property market in the long run. With limited supply of deluxe properties in the area, property prices have stood at a relatively high level. This means our project has high market potential.’
The company plans to launch the latest phase of Roseburg, featuring eight blocks with 264 units. Five blocks will be leased and the remainder will be sold at an average price of about RMB18,500 per square meter.
Source: The Standard