Before the thunder, there will be a lightning;
While before the housing price goes up, land auctions will be held.
The “super” land auctions in Xiamen created super prime sites;
The shockingly “most expensive land lot in history worth RMB 11.01 billion” was born in Shanghai;
The land in the inner city of Beijing has been out of supply for 4 successive months;
All regions in China are holding land auctions.
The housing prices everywhere in China are rising rapidly.
The land auction market in Wuxi has been super popular recently.
Let’s get to the point,
and review the land auctions in Wuxi in 2016.
On August 19, 2016, Chiwayland Group won the bid for XDG-2013-58 lot in Binhu District with a total amount of RMB 134,180,000 and the price per floor area reached RMB 10,353 per square meters. It was the first time for Wuxi’s floor price to exceed RMB 10,000. 20 days later, Chiwayland Group again won the bid for XDG-2016-14 lot in Binhu District with a total amount of RMB 3.31 billion and the price per floor area reached RMB 18,050 per square meters. This lot has created the highest bid price in Wuxi and become a new prime site. It is estimated that the selling price will be at least RMB 25,000 in the future. Land auctions will boost the increase of housing price has become a law of the market.
It is sure that housing price in Yixing will go up. Housing prices in Suzhou, Wuxi and Yixing have always been keeping a balance among each other. However, in recent three years, Suzhou has been firstly affected by land auction market and its housing price has reached RMB 30,000. Last year at this time, you can by an undecorated house with RMB 6,000 in Wuxi, but now you even cannot afford the land. Wuxi's housing price has reached RMB 25,000 and become very close to that of Suzhou. When the housing price in Wuxi keeps going up, can the increase of housing price in Yixing be far behind?
Since the Spring Festival last year, in 2016, when the housing prices of many cities in China rise, Yixing’s housing price is also about to go up. As there was no newly added land in Yixing in the latest three years, the land of some large-scale real estate enterprises in Donggui new city have all entered final sales. As the market storage further reduces, the housing price of Yixing will definitely be on an increase.
Great Success ？ Reclusive Island
Situated in the best district in the center of Yixing, Reclusive Island boasts superb landscape resources including parks and rivers. In addition, along with its foresighted positioning of high-end planning, Reclusive Island takes the lead with its first-rate quality of luxury real estate in Yixing. In August, there was a trend of contending for houses of Reclusive Island and the selling amount (offer for subscription) has reached RMB 0.23 billion. Some clients even exclaimed that the houses would be soon sold out and you’d better buy one now.
Considering that the housing prices of surrounding cities such as Nanjing, Suzhou and Wuxi are all going up rapidly, the real estate market in Yixing is also flourishing. With integration of geomantic omen, culture, design, quality, property management, etc. that is rare in China, Reclusive Island project has won great popularity. The selling price of Reclusive Island project will be comprehensively adjusted on September 1.
As the only major project for sale in central urban area at present with foresighted planning of top-level luxury real estate and high-quality existing houses, in addition that there will be no land supply in central urban area in the future, Reclusive Island certainly has a great appreciation potential.
Sales information:
The sales rate of garden-style mansions ranging from 166 to 191 square meters that can overlook the whole city reaches 70% and there are a few left; garden-style houses with large space ranging from 240 to 310 square meters are Yixing’s first buildings that adopt complete stone cladding, presented with a free private garden and 5.8-meter-high bright basement; garden villas that cover an area of 1.5 to 3 mu with a construction area (Certificate of Ownership) of 380 to 450 square meters and an actual useable area of 570 to 720 square meters; besides, yacht villas that are rare in Yixing and even the Yangtze River Delta equipped with private yacht docks cover an area of 2 to 5 mu, with a construction area (Certificate of Ownership) of 740 to 860 square meters and an actual useable area of 880 to 1,033 square meters and only several villas are available now.
