Home » Business » Real Estate
August home sales rebound
Print Edition
Shanghai’s new housing market rebounded in August, indicating recovered sentiment among buyers.
Citywide, a total of around 776,000 square meters of new residential properties, excluding government-subsidized affordable housing, were sold last month, an increase of 26 percent from July, according to Shanghai Centaline Property Consultants Co.
“Buying sentiment really started to pick up since the second half of August mainly in outlying Fengxian District and the Nanhui area in the Pudong New Area,” said Lu Wenxi, Centaline’s senior research manager. “As a result, the average price of new homes fell accordingly due to a structural shift.”
Fengxian, where three projects made it into last month’s top 10 list by area, led the local market with monthly sales of 128,000 square meters, according to Centaline data.
Notably, a development in Nanhui topped August’s list after selling 22,172 square meters, or 244 units, for an average price of 26,248 yuan (US$3,657) per square meter.
It was followed by a project in Fengxian which saw 21,311 square meters, or 112 units, sold at an average of 34,993 yuan per square meters.
- 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.
