Home » Business » Real Estate
Buyers stay away amid more home choices
Print Edition
Sentiment among home buyers declined in the last month of 2019 amidst an increase in new supply, with medium- to high-end segments recording comparatively better results.
The area of new residential properties sold, excluding government-subsidized affordable housing, fell 1.8 percent to 690,000 square meters in December, according to a regular monthly report released yesterday by Shanghai Centaline Property Consultancy Co.
“While real-estate developers geared up for better sales to round up the year, ‘wait-and-see’ sentiment seemed to emerge again in some parts of the city,” said Lu Wenxi, Centaline’s senior research manager.
Centaline data showed that a total of 737,000 square meters of new housing space, spanning 24 projects, were released into the local market, a month-over-month surge of 52.3 percent.
The average price for a new home, meanwhile, rose 6.5 percent from November to 55,711 yuan (US$7,986) per square meter.
Three of the 10 most popular projects cost more than 80,000 yuan per square meter, with one of them exceeding 110,000 yuan per square meter.
Citywide, a residential project in Zhoukang, the Pudong New Area, became the most sought-after development after unloading 22,874 square meters, or 151 units of new homes, for an average price of 59,664 yuan per square meter, according to Centaline data.
- 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.
