Wave of relaunches expected to hit the property market in 2015

Sales volumes will pick up after the lunar new year.

The property market should brace for a deluge of relaunches after the Chinese New Year, as buyers typically start house-hunting after the festivities.

According to OrangeTee Research, developers are likely to flood the market with a wave of relaunched projects as there are many units left unsold from prior launches.

“With demand expected to be capped due to cooling measures and increasing new supply coming in from new and existing launches, developers should try to time their launches strategically to prevent launching into an overly competitive market,” stated OrangeTee.

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