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
Housing market still sees clouds
Print Edition
CLOUDY sentiment hovered over Shanghai’s housing market in March despite the sector posting a month-on-month rebound, an industry report said.
The area of new homes sold, excluding government-subsidized affordable housing, soared 104.5 percent from February to 742,400 square meters last month, Shanghai Homelink Real Estate Agency Co said in the report.
But the growth marked a drop of 66.5 percent from the same month a year ago and was also the lowest March figure in five years, according to Homelink data.
Meanwhile, 12 housing projects totaling 361,000 square meters were released locally last month, up 26.1 percent from February but a year-on-year decline of 58.5 percent.
“Last month’s rebound in sales and supply was mainly due to seasonal factors while overall market sentiment continued to be very slack amid continued tightening policies,” said Zhao Baogen, a Homelink researcher. “We won’t see any major improvement until there is a notable recovery in new home supply.”
An apartment project in outlying Jiading District sold 710 units at an average price of 31,210 yuan (US$4,530) per square meter in March.
- 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.
