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Buying of homes rises 6.4%
By Cherry Cao |
June 19, 2012, Tuesday
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Print Edition
Print Edition
BUYERS in Shanghai bought more new homes last week as the market continued to recover.
Purchases of new homes, excluding government-subsidized affordable housing, climbed 6.4 percent from a week earlier to 207,800 square meters, Century 21 China Real Estate said in a report released yesterday.
"The local market continued to pick in June following a robust May, which recorded the highest monthly volume in a year," said Huang Hetao, a research manager with Century 21. "Therefore, an overall rebound has been anticipated recently by more people."
Between June 1 and Sunday, 484,000 square meters of new homes were sold in the city, a jump of 16.3 percent from the same period a month earlier, Century 21 data showed.
Buyers paid an average 23,250 yuan (US$3,690) per square meter for the new homes last week, a weekly rise of 3.2 percent.
Thirty new homes costing over 50,000 yuan a square meter each were sold last week across the city, up from 24 units registered in the previous week. Also last week, 79 villas were sold, down by just one from the previous week, said Century 21.
A high-end China Overseas project near Changfeng Park in Putuo District was Shanghai's best-selling housing development for another week after selling 69 units at an average 37,462 yuan per square meter, data released yesterday by Shanghai Uwin Real Estate Information Services Co showed. The previous week had seen 55 units sold - at an average 37,721 yuan a square meter each.
Purchases of new homes, excluding government-subsidized affordable housing, climbed 6.4 percent from a week earlier to 207,800 square meters, Century 21 China Real Estate said in a report released yesterday.
"The local market continued to pick in June following a robust May, which recorded the highest monthly volume in a year," said Huang Hetao, a research manager with Century 21. "Therefore, an overall rebound has been anticipated recently by more people."
Between June 1 and Sunday, 484,000 square meters of new homes were sold in the city, a jump of 16.3 percent from the same period a month earlier, Century 21 data showed.
Buyers paid an average 23,250 yuan (US$3,690) per square meter for the new homes last week, a weekly rise of 3.2 percent.
Thirty new homes costing over 50,000 yuan a square meter each were sold last week across the city, up from 24 units registered in the previous week. Also last week, 79 villas were sold, down by just one from the previous week, said Century 21.
A high-end China Overseas project near Changfeng Park in Putuo District was Shanghai's best-selling housing development for another week after selling 69 units at an average 37,462 yuan per square meter, data released yesterday by Shanghai Uwin Real Estate Information Services Co showed. The previous week had seen 55 units sold - at an average 37,721 yuan a square meter each.
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