Related News
Home » Business » Real Estate
Duplex nets record US$18.4m
By Cherry Cao |
September 18, 2012, Tuesday
|
Print Edition
Print Edition
A DUPLEX apartment in Shanghai's Pudong New Area was sold for a record 116 million yuan (US$18.35 million) last week although overall new home sales in the city remained sluggish.
The 619 square-meter unit at Ocean One, a COFCO development in the heart of Little Lujiazui, was sold for an average 187,000 yuan per square meter, according to a report released yesterday by Shanghai Deovolente Realty Co.
"It was the most expensive apartment in Shanghai in terms of overall price, beating the previous record of 113 million yuan set by Tomson Riviera, a luxury residential project also in Lujiazui," said Lu Qilin, a Deovolente researcher.
"By average price, it was second only to Tomson Riviera, which in 2010 managed to sell one of its apartments for 189,000 yuan per square meter," Lu said.
However, the purchases of new homes, excluding government-subsidized affordable housing, decreased 1.6 percent to 163,900 square meters in Shanghai last week.
The 619 square-meter unit at Ocean One, a COFCO development in the heart of Little Lujiazui, was sold for an average 187,000 yuan per square meter, according to a report released yesterday by Shanghai Deovolente Realty Co.
"It was the most expensive apartment in Shanghai in terms of overall price, beating the previous record of 113 million yuan set by Tomson Riviera, a luxury residential project also in Lujiazui," said Lu Qilin, a Deovolente researcher.
"By average price, it was second only to Tomson Riviera, which in 2010 managed to sell one of its apartments for 189,000 yuan per square meter," Lu said.
However, the purchases of new homes, excluding government-subsidized affordable housing, decreased 1.6 percent to 163,900 square meters in Shanghai last week.
- 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.
