Home » Business » Real Estate
Housing sales recover after 4-week lull
Print Edition
HOME buying sentiment rose for the first time in four weeks amid a strong recovery in home sales in outlying areas, latest market data showed.
The area of new residential properties sold, excluding government-subsidized affordable housing, jumped 33.5 percent to 159,000 square meters in Shanghai last week, Shanghai Centaline Property Consultants Co said in a report yesterday.
“The latest rebound was mainly fueled by largely improved transactions in remote districts such as Jiading and Qingpu, following subdued performances over the past few weeks,” said Lu Wenxi, senior manager of research at Centaline. “However, the recovery might be just a temporary one as the first half is going to close soon and the traditional low season of July and August are approaching.”
About 28,000 square meters of new houses were sold in Jiading during the seven days ended on Sunday, a week-on-week surge of 86.7 percent and the highest across the city.
New homes sold at an average 50,789 yuan (US$7,427) a square meter, up 7.8 percent from the previous week.
About 139,000 square meters of new homes over five projects mainly in outlying areas were released to the local market, a weekly rise of 6 percent.
- 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.
