Related News
Home 禄 Business 禄 Real Estate
City's new home sales more than double last week
Online Edition
NEW home sales in Shanghai more than doubled from a week earlier amid abundant supply, with mid- to low-end properties being the most sought after among buyers, according to the latest market data.
The purchases of new residential properties, excluding government-subsidized affordable housing, surged 122 percent to 362,400 square meters during the seven-day period ended on Sunday, Shanghai Deovolente Realty Co said in a report released today.
"As expected, transactions soared in the city last week after deals of intent reached during the week-long National Day holiday were finally signed," said Lu Qilin, a Deovolente researcher. "Notably, demand for mid- to low-end houses was extremely robust."
New homes were sold for an average 23,682 yuan (US$3,870) per square meter last week, a dip of 0.3 percent week on week, Deovolente data showed.
Citywide, nine of the 10 best-selling residential projects cost no more than 25,000 yuan a square meter.
On the supply side, meanwhile, about 282,900 square meters of new homes were released to the local market last week, a weekly decrease of 8.9 percent.
With buying sentiment remaining strong, price hikes by developers are becoming more prevalent.
For instance, homes at a project in outlying Maqiao, Minhang District, which was the city's most popular development for the past seven days, were sold for an average 19,400 yuan per square meter last week, an increase of 8.4 percent from its average sales price registered in the first six months of this year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
