Serviced Apartments, Investment Fever

With the real estate market recovering, the sales of serviced apartments in Wuxi raise high this year. Located at the junction of Xinhua road and Xingwu road in the new town, the sales office of World Trade Center Hotel starts welcoming customers yesterday, which means there is a new influential competitor in the market.

According to insiders, the sales of some serviced apartments increase over 20 percent year to year. “The sales task of the whole year was already finished in July,” the sales director of a serviced apartment in Binhu says, “Prime location, relative low cost and prospective appreciation make our products hot cakes.”