Home 禄 Business 禄 Real Estate
Home sales remain lethargic
By Cao Qian |
June 21, 2011, Tuesday
|
Print Edition
Print Edition
BUYING momentum for new homes remained sluggish in Shanghai last week while fewer transactions in the high-end market dragged down average prices.
Sales of new homes, excluding those built under the city's affordable housing programs, climbed 9.5 percent from a week earlier to 131,300 square meters, Shanghai Deovolente Realty Co said in a report released yesterday.
The volume, however, was lower than this year's weekly average of about 143,400 square meters.
"Sales of new residential properties have been slack since February and there is still no clear sign real estate developers will offer discounts," said Lu Qilin, a researcher with Deovolente.
"With inflation still high and while investment channels remain limited, real estate will continue to attract capital as a hedge despite all the cool-down efforts introduced by the government," Lu added.
Average prices, meanwhile, fell 3.2 percent from a week earlier to 21,311 yuan (US$3,294) per square meter, Deovolente data showed.
Across the city, sales of new homes costing more than 50,000 yuan per square meter plunged more than 30 percent to only 3,600 square meters last week.
No deals involving new residential properties with a price tag of more than 100,000 yuan per square meter were signed last week.
On the supply side, a total of 265,100 square meters of new houses were released, a week-on-week increase of 35 percent.
Jiading District lead all districts in terms of transaction volume with more than 22,000 square meters of new homes sold last week.
Sales of new homes, excluding those built under the city's affordable housing programs, climbed 9.5 percent from a week earlier to 131,300 square meters, Shanghai Deovolente Realty Co said in a report released yesterday.
The volume, however, was lower than this year's weekly average of about 143,400 square meters.
"Sales of new residential properties have been slack since February and there is still no clear sign real estate developers will offer discounts," said Lu Qilin, a researcher with Deovolente.
"With inflation still high and while investment channels remain limited, real estate will continue to attract capital as a hedge despite all the cool-down efforts introduced by the government," Lu added.
Average prices, meanwhile, fell 3.2 percent from a week earlier to 21,311 yuan (US$3,294) per square meter, Deovolente data showed.
Across the city, sales of new homes costing more than 50,000 yuan per square meter plunged more than 30 percent to only 3,600 square meters last week.
No deals involving new residential properties with a price tag of more than 100,000 yuan per square meter were signed last week.
On the supply side, a total of 265,100 square meters of new houses were released, a week-on-week increase of 35 percent.
Jiading District lead all districts in terms of transaction volume with more than 22,000 square meters of new homes sold last week.
- 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.
