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Will Suzhou housing prices rise sharply?
First of all, the development speed of Suzhou now is amazing. As a new first-tier city, many indicators have surpassed first-tier cities, and there are many industries. Government planning and construction are all developing towards the goal of first-tier cities.
Then there is the developer level. In the just-concluded land auction, the land auction price in the areas where new houses are concentrated has basically caught up with the residential price, so the price of new houses to be sold in these areas in the future should be about 1.5 times higher than now.
Then there is the relationship between supply and demand. Suzhou is very attractive. There are 6.9 million migrants out of a total population of1/kloc-0. It is the second largest immigrant city in China with a large demand for new houses.
On the whole, housing prices in Suzhou will rise in the future, and the range is not small.
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