Core Insights - The first project to raise prices after the removal of housing price limits in Hangzhou, Jinxiugongguan, still has unsold new units available despite initial high demand [1][2][4] Group 1: Project Overview - Jinxiugongguan is located in the West Lake District, approximately 300 meters from the Metro Line 10 [2] - The project was the first to set its own prices after the price limit removal, with the initial launch in November 2022 offering 33 units at an average price of 79,405 yuan per square meter [2] - The second launch in December 2022 saw an increase in average price to 82,500 yuan per square meter, with a significant drop in registration [2][4] Group 2: Sales Performance - The third launch in March 2023 offered 61 units at an average price of 84,999 yuan per square meter, with a registration rate of 44.53% [4] - As of July 16, 2023, approximately 90% of the 158 units launched across three sales have been signed, but some units from the initial launch remain unsold [4][5] Group 3: Market Dynamics - Industry experts suggest that the unsold inventory reflects the relatively high pricing strategy of the project, with more affordable options available in the market [7] - The demand for smaller units (139 square meters) was higher due to a total price range of 10 million to 12 million yuan, while larger units faced more competition [7][9] - Nearby second-hand properties, such as those in the Shenhua area, offer competitive pricing, making Jinxiugongguan less attractive for buyers with similar budgets [9]