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.”

China Daily (Canada) - - FRONT PAGE -

Al­bert Lau,

man­ag­ing di­rec­tor of

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.

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