Chinese developers to hike luxury project prices in prime cities

Luxury property sales took a hit last year as China's anti-corruption campaign discouraged conspicuous consumption, but buyers are now taking advantage of easier credit and a stock market rally to upgrade their homes. "It's not going to lead to a full recovery in the market," said Clement Luk, Shanghai-based chief executive officer for eastern China at property agency Centaline. "Liquidity is more loose compared with a year ago, but the market doesn't have the envir