Home 禄 Business 禄 Real Estate
New home market weak for 3rd week
Print Edition
SHANGHAI’S new home market remained sluggish for a third straight week despite a rebound in transactions with buyers attracted to mid- to low-end projects.
The purchases of new homes, excluding government-subsidized affordable housing, jumped 20.6 percent from the previous seven-day period to 150,800 square meters, Shanghai Uwin Real Estate Information Services said in a report released yesterday.
The new homes cost an average of 25,860 yuan (US$4,146) per square meter, a weekly drop of 3.4 percent.
“An extremely slack momentum continued to prevail in the local housing market for the third straight week this month, leading more potential buyers to sit on the sideline before clearer signals emerge,” said Huang Zhijian, chief analyst at Uwin.
“There won’t be any major turnaround if developers don’t offer notable price cuts or release more mid- to low-end products to the market.”
As of Sunday, 315,000 square meters of new homes were sold in Shanghai in May, or a daily average of just 17,500 square meters, according to Uwin data. That compared with 761,300 square meters in April.
However, the supply of new homes released locally more than tripled from the previous week to 236,700 square meters, according to the data.
- 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.
