Related News
Home » Business » Real Estate Special
Most new villas found in suburbs
By Cao Qian |
September 15, 2010, Wednesday
|
Print Edition
Print Edition
MORE than 80 percent of villa developments for sale in Shanghai are now in outlying areas of the city. Properties with a price tag of between 5 million yuan (US$737,463) and 15 million yuan make up the bulk of supply, according to research by real estate information services provider Soufun.com.
As of August 31, among the 162 villa projects ready for purchase across the city, 85 percent were beyond the Outer Ring Road, according to Soufun. Developments between the Middle Ring Road and Outer-Ring Road take about 10 percent while villas between the Middle Ring Road and Inner Ring Road and those within the Inner Ring Road respectively account for 4 percent and 1 percent of the total.
In China, villas refer to both detached villas as well as terraced houses, somewhat different from terms used in Western countries, industry analysts said.
"An abundant supply and robust sales have made villas in outlying areas the driving force in this segment of the market," said Lu Yiping, research head with Soufun's local branch. "In July, 92 percent of villas sold in the city were beyond the Outer Ring Road."
Villa developments in Pudong New Area, Songjiang and Qingpu districts jointly contribute more than half of the city's supply.
Soufun found that villa portfolios in Pudong, Songjiang and Qingpu respectively account for 22 percent, 17 percent and 15 percent of the city's total supply. A few projects are also for sale in Yangpu, Zhabei, Changning and Xuhui districts. In the prime districts of Jing'an, Luwan, Huangpu and Hongkou, there is currently no villa projects for sale.
In terms of price, 41 percent of villas sell for between 5 million yuan and 15 million yuan, Soufun found. They are immediately followed by mid to low-end products, which grab 29 percent of the market. Most of these projects are in suburban Fengxian, Jinshan and Chongming and have price tags below 5 million yuan.
Top-tier developments, priced above 30 million yuan, account for 16 percent of the market. Most of these villas are in Zhangjiang of Pudong, Sheshan and Jiuting of Songjiang, Zhujiajiao of Qingpu and Maqiao of Minhang.
In September and October, the so-called traditional high season for home purchases in the country, a total of 18 villa projects, both new and existing ones, are scheduled to release new units, Soufun found.
Among them, developments beyond the Outer Ring Road will account for 78 percent and nearly 80 percent will likely be priced below 5 million yuan.
As of August 31, among the 162 villa projects ready for purchase across the city, 85 percent were beyond the Outer Ring Road, according to Soufun. Developments between the Middle Ring Road and Outer-Ring Road take about 10 percent while villas between the Middle Ring Road and Inner Ring Road and those within the Inner Ring Road respectively account for 4 percent and 1 percent of the total.
In China, villas refer to both detached villas as well as terraced houses, somewhat different from terms used in Western countries, industry analysts said.
"An abundant supply and robust sales have made villas in outlying areas the driving force in this segment of the market," said Lu Yiping, research head with Soufun's local branch. "In July, 92 percent of villas sold in the city were beyond the Outer Ring Road."
Villa developments in Pudong New Area, Songjiang and Qingpu districts jointly contribute more than half of the city's supply.
Soufun found that villa portfolios in Pudong, Songjiang and Qingpu respectively account for 22 percent, 17 percent and 15 percent of the city's total supply. A few projects are also for sale in Yangpu, Zhabei, Changning and Xuhui districts. In the prime districts of Jing'an, Luwan, Huangpu and Hongkou, there is currently no villa projects for sale.
In terms of price, 41 percent of villas sell for between 5 million yuan and 15 million yuan, Soufun found. They are immediately followed by mid to low-end products, which grab 29 percent of the market. Most of these projects are in suburban Fengxian, Jinshan and Chongming and have price tags below 5 million yuan.
Top-tier developments, priced above 30 million yuan, account for 16 percent of the market. Most of these villas are in Zhangjiang of Pudong, Sheshan and Jiuting of Songjiang, Zhujiajiao of Qingpu and Maqiao of Minhang.
In September and October, the so-called traditional high season for home purchases in the country, a total of 18 villa projects, both new and existing ones, are scheduled to release new units, Soufun found.
Among them, developments beyond the Outer Ring Road will account for 78 percent and nearly 80 percent will likely be priced below 5 million yuan.
- 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.
