Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Home » Business » Real Estate
Home buying mood rebounds mildly
Print Edition
SHANGHAI’S housing market saw a mild rebound in home buying sentiment last week as medium to low-end projects sold robustly, according to latest market data.
The area of new homes sold, excluding government-subsidized affordable housing, rose 14.2 percent from a week earlier to nearly 150,000 square meters, Shanghai Centaline Property Consultants Co said in a report released yesterday.
The average cost of new homes, however, dropped 4.6 percent week on week to 38,852 yuan (US$5,590) per square meter, the lowest weekly price since August, Centaline data showed.
“Residential projects targeting first-time buyers were very popular last week, with half of the 10 best-selling developments asking for no more than 30,000 yuan per square meter, which was quite rare,” said Lu Wenxi, senior manager of research at Centaline.
A development in Lingang New City, a port area in Shanghai, sold 275 apartments last week, the most among all projects. Units in the project, available only for certain buyers, were priced at 8,957 yuan per square meter. Another project in outlying Jiading District sold 72 units for 8,127 yuan per square meter on average last week, the data showed.
Meanwhile, about 101,000 square meters of new homes, mostly in suburban areas, were released locally, down 41.6 percent from the previous week.
“Developers are usually not so keen to launch their projects during the year-end period which is a traditional low season for property sales,” Lu said.
He said tighter measures imposed by the local government as well as an earlier-than-usual Spring Festival in 2017 might also have hit their sentiment.
- 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.
