Home 禄 Business 禄 Real Estate
New home market slumps
Print Edition
Shanghai鈥檚 new housing market lost steam in the first week of June amid an absence of new supply, latest data showed.
The total area of new residential properties sold, excluding government-subsidized affordable housing, plunged 45.3 percent week over week to around 143,000 square meters during the seven-day period ending on Sunday, Shanghai Centaline Property Consultants Co said in a regular report released yesterday.
Around the city, the Nanhui region of the Pudong New Area, which ranked third in the previous week, was the only area registering sales of more than 20,000 square meters. Five other suburban districts, including Qingpu and Songjiang, managed to stay above the 10,000-square-meter mark.
The average new home price fell 2.9 percent to 57,331 yuan (US$8,075) per square meter.
鈥淎s new supply fell for the third consecutive week, it was quite an expected retreat,鈥 said Lu Wenxi, Centaline鈥檚 senior researcher. 鈥淗owever, the weakness might not last very long as real estate developers are supposed to gear up for their half-year reports soon.鈥
- 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.
