Home 禄 Business 禄 Real Estate
Home buying sentiment hits 20-week high
Print Edition
STRONG sales of mid- to low-end homes powered buying sentiment for new houses to the highest in Shanghai in 20 weeks although the weekly price fell, latest market data showed.
The purchases of new homes, excluding government-subsidized affordable housing, surged 45.1 percent to 288,500 square meters last week, the highest seven-day volume registered in the city since mid-November, Shanghai Uwin Real Estate Information Services Co said in a report released yesterday.
“Robust demand from budget-conscious first-time buyers boosted sales in the mid- to low-end sector which also helped explain a week-on-week drop in the average price,” said Huang Zhijian, chief analyst at Uwin.
“For March, the total transactions will likely be around 900,000 square meters which is pretty good.”
The average cost of a new home dropped nearly 8 percent from a week earlier to 23,104 yuan (US$3,716) per square meter, or a 33-week low since mid-August, Uwin data showed.
About 210,000 square meters of new homes sold last week cost under 25,000 yuan per square meter.
Last week, units in nine of the 10 best-selling housing developments in the city sold for an average price of below 25,000 yuan a square meter.
As of Sunday, 874,000 square meters of new homes were sold across the city in March, or a daily average of 29,100 square meters.
- 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.
