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150 suburban flats to be sold
By Cao Qian |
March 12, 2011, Saturday
|
Print Edition
Print Edition
ABOUT 150 apartments in outlying areas, all of them small- and medium-sized units, are scheduled to be released to the Shanghai market over the weekend, as real estate developers pin their hopes on recovering sentiment among largely first-time home buyers.
The new apartments, located beyond the city's Outer Ring Road in Minhang and Jiading districts with a size of between 58 and 90 square meters each, will be sold at an average price of 19,000 yuan (US$2,891) per square meter, real estate website Soufun.com said yesterday.
"The local housing market has started to pick up a little in terms of supply since March after an almost stagnant February during which three of the four weekends failed to register home supplies," said Lu Yiping, an analyst at Soufun. "The latest government rein-in policies, including home-purchase restrictions, have dampened interest, particularly from investors and those who plan to purchase for upgrading purposes."
Among the city's about 30 new housing projects which have registered comparatively "better" sales so far since late January, when the central government launched its latest round of tightening policies to curb housing speculation, more than 80 percent are apartments smaller than 90 square meters, Soufun data showed.
The trend is likely to continue. More than 30 residential projects scheduled to come into stream in Shanghai this month will be small- and medium-sized units.
In March, a total of 51 projects - 36 apartment developments and 15 villa projects - are slated to be released across the city.
The new apartments, located beyond the city's Outer Ring Road in Minhang and Jiading districts with a size of between 58 and 90 square meters each, will be sold at an average price of 19,000 yuan (US$2,891) per square meter, real estate website Soufun.com said yesterday.
"The local housing market has started to pick up a little in terms of supply since March after an almost stagnant February during which three of the four weekends failed to register home supplies," said Lu Yiping, an analyst at Soufun. "The latest government rein-in policies, including home-purchase restrictions, have dampened interest, particularly from investors and those who plan to purchase for upgrading purposes."
Among the city's about 30 new housing projects which have registered comparatively "better" sales so far since late January, when the central government launched its latest round of tightening policies to curb housing speculation, more than 80 percent are apartments smaller than 90 square meters, Soufun data showed.
The trend is likely to continue. More than 30 residential projects scheduled to come into stream in Shanghai this month will be small- and medium-sized units.
In March, a total of 51 projects - 36 apartment developments and 15 villa projects - are slated to be released across the city.
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