Home » Business » Real Estate
City new home sales drop
By Cao Qian |
August 16, 2012, Thursday
|
Print Edition
Print Edition
SALES of new residential developments dipped in Shanghai in the first seven months of this year while new home starts also fell.
Between January and July, new homes sold in the city totaled 8.44 million square meters, an annual decline of 1.6 percent, according to a statement posted on the Shanghai Statistics Bureau's website yesterday.
Local new home starts dropped 24.8 percent on an annual basis to 9.99 million square meters during the same period.
Investment in real estate development, meanwhile, rose 10.7 percent year on year to 123.1 billion yuan (US$19.4 billion) during the seven-month period. It accounted for 49.3 percent of the city's total fixed-asset investment, according to the bureau.
Between January and July, new homes sold in the city totaled 8.44 million square meters, an annual decline of 1.6 percent, according to a statement posted on the Shanghai Statistics Bureau's website yesterday.
Local new home starts dropped 24.8 percent on an annual basis to 9.99 million square meters during the same period.
Investment in real estate development, meanwhile, rose 10.7 percent year on year to 123.1 billion yuan (US$19.4 billion) during the seven-month period. It accounted for 49.3 percent of the city's total fixed-asset investment, according to the bureau.
- 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.
