Residential housing market to remain stable
Print Edition
Shanghai’s new residential housing market will probably remain stable in 2020 along with a gradual and moderate improvement over 2019.
“The city’s new housing market went through a sort of consolidation last year with insignificant changes in new supply and average price but a more notable growth in transaction area,” said James Macdonald, senior director and head of Savills China research. “We expect to see more buyers come back to the market which will possibly result in a slow but steady increase in price, mainly fueled by a bounce in average transaction price in the last quarter of 2019 and signs that policies are unlikely to tighten further in 2020.”
In 2019, new home supply in Shanghai fell 6 percent year on year to 7.77 million square meters while the average price edged up 1.3 percent from 2018 to 53,900 yuan (US$7,791) per square meters.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
