Home » Business » Real Estate
Index flat while price cuts awaited
By Cao Qian |
October 8, 2011, Saturday
|
Print Edition
Print Edition
SHANGHAI'S existing housing index remained little changed for the third consecutive month in September while the market still waited for signs of notable price cuts.
The index, which tracks price fluctuations of the city's previously occupied homes, gained 1 point, or 0.03 percent, from a month earlier to 2,600, extending its rise for 13 straight months, the Shanghai Existing House Index Office said yesterday. The index added 0.05 percent in August and 0.03 percent in July.
"While supply has outweighed demand as a result of ever-tightening austerity measures being implemented, a buyers' market is yet to appear," said Zhang Shu, an analyst at the index office. "There are discounts in some areas of the city but in general, home prices stayed firm."
The prices of existing homes in prime sites, including the four downtown districts in Puxi and Lujiazui in the Pudong New Area, edged up 0.02 percent on average in September, ending a two-month drop since July.
The index, which tracks price fluctuations of the city's previously occupied homes, gained 1 point, or 0.03 percent, from a month earlier to 2,600, extending its rise for 13 straight months, the Shanghai Existing House Index Office said yesterday. The index added 0.05 percent in August and 0.03 percent in July.
"While supply has outweighed demand as a result of ever-tightening austerity measures being implemented, a buyers' market is yet to appear," said Zhang Shu, an analyst at the index office. "There are discounts in some areas of the city but in general, home prices stayed firm."
The prices of existing homes in prime sites, including the four downtown districts in Puxi and Lujiazui in the Pudong New Area, edged up 0.02 percent on average in September, ending a two-month drop since July.
- 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.
