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Homes for sale up 90%
By Cherry Cao |
April 20, 2012, Friday
|
Print Edition
Print Edition
AROUND 400 units at five apartment projects in Shanghai will be released at the weekend, an increase of 90 percent from the previous weekend, according to research released yesterday by Soufun.com.
The apartments at the developments, four of which are located beyond the city's Outer Ring Road, will be sold at an average 21,700 yuan (US$3,444) per square meter each, a weekly rise of more than 40 percent, the data showed.
"The upcoming release of around 100 units at a high-end project in northeastern New Jiangwan Town, Yangpu District, costing 45,000 yuan per square meter each, has pushed up the average price," said Qu Peng, a Soufun analyst. "However, the remaining four projects in outlying districts have all opted to offer attractive prices."
For instance, the apartments between 67 and 96 square meters at a development in Baoshan are priced at a minimum 8,999 yuan per square meter.
The apartments at the developments, four of which are located beyond the city's Outer Ring Road, will be sold at an average 21,700 yuan (US$3,444) per square meter each, a weekly rise of more than 40 percent, the data showed.
"The upcoming release of around 100 units at a high-end project in northeastern New Jiangwan Town, Yangpu District, costing 45,000 yuan per square meter each, has pushed up the average price," said Qu Peng, a Soufun analyst. "However, the remaining four projects in outlying districts have all opted to offer attractive prices."
For instance, the apartments between 67 and 96 square meters at a development in Baoshan are priced at a minimum 8,999 yuan per square meter.
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