Along with the rise of per capita income are new-generation homes that are more environmental friendly, having condensed rooms, and more human intelligence features.”
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continue in the third, as most of the rigid demand has been released in advance,” said Ding Zuyu, executive president of E-House (China) Holdings Ltd, who nevertheless expects the luxury home market in firsttier cities to remain bullish the rest of the year as long as home prices remain steady.
Albert Lau, managing director of Savills China, noted that China’s economic growth is bottoming out during this period of economic restructuring, and property prices would enter a new growth circle after a few of years adjustment.
“Along with the rise of per capita income are new-generation homes that are more environmental friendly, having condensed rooms, and more human intelligence features,” said Lau on the trend of new homes.
Capitalizing on the market potential for the elite buyers, Shui On Development —the Shanghai-based property development company of Shui On Group — decided to launch a new phase of its Lakeville bespoke residences near the city’s Xintiandi district. Buyers of the property will be able to customize the design of their homes, the size of their rooms, the materials used for furniture as well as the human intelligence systems, according to Allen Taylor, general manager of product development and high-end residential sales at Shui On Development Ltd.
“In spite of the record amount of high-end residential deals reached so far this year, we realize that consumers’ requirements have still yet to be satisfied,” Taylor said, referring to the company’s decision to launch the bespoke residential development.