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Buying sentiment may rise
By Cao Qian |
April 11, 2012, Wednesday
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Print Edition
Print Edition
BUYING sentiment for office properties fell in the first quarter of this year in Shanghai but may pick up over the next few months amid growing supply, Soufun.com, operator of the country's largest real estate website, said in a latest report.
Office sales dropped to 301,875 square meters between January and March, down 11 percent from the previous quarter.
"Affected by the Spring Festival holiday as well as an overall 'wait-and-see' sentiment in the property market, the office sales in the city were generally sluggish," said Zhang Yinping, a Soufun analyst. "In addition, only one new project was released to the local market in January and February."
But a 47,000-square-meter project in Putuo District and at least six others that have postponed their original launches in March may be released soon.
Office sales dropped to 301,875 square meters between January and March, down 11 percent from the previous quarter.
"Affected by the Spring Festival holiday as well as an overall 'wait-and-see' sentiment in the property market, the office sales in the city were generally sluggish," said Zhang Yinping, a Soufun analyst. "In addition, only one new project was released to the local market in January and February."
But a 47,000-square-meter project in Putuo District and at least six others that have postponed their original launches in March may be released soon.
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