Roommi News, October 31 - Last week (October 24-30), the ranking of residential sales in Xiamen's real estate market was released. Two major districts within the island, Siming and Huli, sold a total of 76 units, accounting for 16.6% of the city-wide residential sales. The quiet sales performance within the island can be largely attributed to the high housing prices there. According to the sales data, last week's "notable performers" were mostly large quality projects and luxury properties. Leading the sales chart for residential properties within the island was Guomao Tianqin Bay [Details Consultation], which sold 12 units during the week, a figure that pales in comparison with hot-selling projects outside the island but is still commendable given the current market situation, ranking tenth city-wide. Other contributors to the island's sales figures include Shimao Hubin Garden, Huangjia Yucheng [Details Consultation], Strait International Community, Yuanchang Mountain Villa, China Railway Haixi, etc., showcasing a phenomenon where luxury properties remain unaffected by the cold market.
From October 24 to October 30, here is the weekly sales ranking and the distribution map of residential property sales in Xiamen.
Luxury Properties? Besides Purchase Restrictions, Those Who Need to Buy Will Still Buy
Unlike the rigid demand market, buyers in the luxury and high-quality residential markets do not have too many financial burdens. Therefore, luxury properties, aside from being subject to purchase restrictions, will still be bought by those who need them. This is one of the main reasons why this segment of the market still sees sales even in a downward market. With mature living facilities and convenient transportation, large-scale developments within the island have always been the ideal place to live for homebuyers. However, due to limited resources, only a few can afford it. High-quality luxury properties release their supply bit by bit, and after the purchase restriction order is lifted on December 31, a rebound in the local market is inevitable.
Guomai Tianqin Bay, Huangjia Yucheng
Choosing the Right One, Not the Expensive One
For some people, a house is an asset; for others, it is merely a place to live; and for yet others, it is a symbol of status and a way to enjoy life. Their philosophy when buying a house is - choose the right one, not the expensive one. As long as it is suitable, they will make a move if conditions and opportunities allow. Most of the current market's luxury and high-quality residential properties carry a certain concept of living. Whether it is location plus prestigious schools, artistic gardens, considerate property management, or scenic health care, more and more concepts of living and high-end qualities are impacting this segment of the housing market.
Vanke Hubin Island [Details Consultation]
(Source: Roommi News)
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