"We just got news that the 13 major real estate developers coalesced to push down housing prices… to less than 4,000 yuan per square meter."
"Less than 4,000 yuan? Have they gone mad?" Qin Chu was immediately enraged.
Unlike other industries, real estate prices couldn't be raised or reduced on a whim; there are certain market rules companies must follow. Ever since the global depression in 2008, the domestic real estate market had been booming.
As the biggest city in J Province, C City's prices weren't as staggeringly high as Jing City, but the market had maintained an average of 8,000 yuan per square meter.
The ten or so major real estate developers had set their properties at the same prices, so the main area of competition was in location, amenities, and service.
