Price growth in the residential property market in Nansha district of Guangzhou, home to part of the pilot free trade zone in Guangdong province, will be limited in the immediate future due to abundant supply and unsold stocks, according to Savills, an international real estate adviser.
The prices of residential developments in Hengqin area in Zhuhai, which houses another part of the Guangdong PFTZ, is expected to rise by 5 percent to 15 percent, following 10 percent growth so far over 2014, said He Ling, head for research of Savills Property Services (Guangzhou) Co.
A relatively small amount of housing is planned in Hengqin and the mega bridge being built to link Zhuhai, Hong Kong and Macao should give prices a boost, He told the media on Wednesday.
Residential housing in Qianhai and Shekou in Shenzhen, where a third part of the Guangdong PFTZ is located, is projected to grow by 5 percent, he said.
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