The developers of China Seal last year proposed an average presale price of 90,000 yuan per square metre, but that was turned down. Photo: Simon Song
The developers of China Seal last year proposed an average presale price of 90,000 yuan per square metre, but that was turned down. Photo: Simon Song

Beijing developers fear 80,000 yuan per sq m is the unofficial red line not to be crossed

Two and a half years after buying prime plot of land, developers finally granted presale permit at 79,458.99 yuan per square metre

The developers of China Seal last year proposed an average presale price of 90,000 yuan per square metre, but that was turned down. Photo: Simon Song
The developers of China Seal last year proposed an average presale price of 90,000 yuan per square metre, but that was turned down. Photo: Simon Song
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