After the new Shanghai real estate policies, some developers are raising prices: A property in Minhang announces a reduction in discounts.

After the new policy in Shanghai was implemented, some real estate companies have officially announced tighter discount measures, resulting in a certain increase in sales prices. On March 11, The Paper learned that a new project under a large real estate company located in Zhuangqiao, Minhang, Shanghai, issued a notice stating that starting from March 9, the transaction prices of the available townhouses will be increased by 0.5% across the board; further tightening of discounts will occur starting March 23. It is understood that the available townhouses for this project previously enjoyed a 5% discount for sales, and the project sales manager indicated that after March 23, sales will be at a 4% discount. For example, for a townhouse with a construction area of about 150 square meters and a total price of 10 million yuan, the withdrawal of 1 percentage point in discount will increase the home buying cost by about 100,000 yuan. The aforementioned sales manager revealed that the night before the price increase announcement, the project experienced concentrated transactions, with 7 units sold on the night of March 8. He stated that after the new policy was implemented, the number of visits and transactions for the project significantly rebounded. Data shows that as of 13 days after the new policy was implemented, the project has received over 420 groups of visitors and sold 22 units. It is understood that other projects under this real estate company in Shanghai have not yet followed up with price adjustments. (The Paper)