Why doesn't Star River Bay in Pudong, Shanghai raise prices?

There are four reasons why the price of Star River Bay in Pudong, Shanghai does not increase:

1. Project Positioning: Star River Bay is a luxury residential area, which is targeted at high-end consumers. In the case of large fluctuations in the real estate market, these consumers are more cautious and rational and relatively sensitive to housing prices.

2. Developer strategy: As a developer, Shimao Real Estate Group may pay more attention to social benefits and brand value, rather than just pursuing short-term economic benefits. They may be more inclined to create a stable property ecology to attract more quality owners or tenants.

3. Relevant policies: China's real estate market has been under the control of the government for a long time, and policy changes will also have a far-reaching impact on housing prices. If the change of relevant policies leads to the limitation of the room for rising house prices, then the developers will make corresponding adjustments.

4. Market competition: In Pudong area, there are other large residential areas and commercial complex projects competing. If the market is oversupplied or the competition is fierce, developers may also adjust their pricing strategies and lower their selling prices to attract more buyers.