Related News
Luxury home sales soar in the first half in Shanghai
Online Edition
SHANGHAI'S high-end residential market registered record performance in the first six months of this year and the strong momentum may likely extend through the second half as favorable policies are continuing to take effect, industry analysts said.
Between January and June, a total of 820,000 square meters of new residential properties, with a price tag of 50,000 yuan (US$8,038) per square meter and above, were sold across the city, a surge of 155 percent from same period a year earlier, according to a latest research released by Shanghai Deovolente Realty Co.
By unit number, a total of 4,429 such homes were sold in the city during the first half, with June alone recording sales of 1,398 units, both a record in Shanghai.
"The city's housing market saw an overall rebound of sentiment in the first half of this year with the high-end segment recording particularly outstanding performance, driven by a couple of stimulus measures including loosening mortgage policies as well as interest rate cuts," said Carlby Xie, director of research, Colliers International China. "For the second half, we expect the strong momentum to proceed and therefore boost sales further with high-end properties remaining popular among home upgraders and investors."
Average price of new residential properties may rise 20 percent in the second half of this year from the first six months, according to Colliers' forecast.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
