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New home sales down 1.6% in first 7 months
By Cao Qian |
August 15, 2012, Wednesday
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Online Edition
Online Edition
NEW homes sold across Shanghai in the first seven months totaled 8.44 million square meters, a drop of 1.6 percent year on year, data on Shanghai Statistics Bureau's website showed today.
New housing starts in the city dropped 24.8 percent during the same period to nearly 10 million square meters.
Real estate investment rose 10.7 percent year on year to 123.1 billion yuan (US$19.4 billion) in the first seven months, accounting for 49.3 percent of the city's total fixed-asset investment, according to the data.
New housing starts in the city dropped 24.8 percent during the same period to nearly 10 million square meters.
Real estate investment rose 10.7 percent year on year to 123.1 billion yuan (US$19.4 billion) in the first seven months, accounting for 49.3 percent of the city's total fixed-asset investment, according to the data.
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