Home » Business » Real Estate
New home sales reach high mark
Print Edition
SHANGHAI’S new home market rebounded sharply pushing seven-day sales to the highest in 13 weeks.
The purchases of new homes, excluding government-funded affordable housing, surged 40.9 percent week on week to 237,400 square meters during the seven-day period through Sunday, Shanghai Uwin Real Estate Information Services Co said in a report yesterday.
The average cost of new homes, meanwhile, climbed 6.7 percent from the previous week to 26,284 yuan (US$4,227) per square meter, Uwin data showed.
But Huang Zhijian, Uwin’s chief analyst, said the overall pace in the local housing market was still subdued.
“With supply outnumbering sales in both June alone and the first half (of the year), a downward pressure for home prices would continue to dominate the market,” he said.
As of Sunday, 670,200 square meters of new homes were bought in June in Shanghai while transactions for the six-month period totaled 4.02 million square meters, Uwin data showed. That compared with 1.04 million square meters and 5.23 million square meters in supply, respectively, during the same period.
“The big gap between supply and sales probably indicated that homeseekers are still sitting on the sidelines until more significant discounts can be offered by real estate developers,” Huang added.
A project in outlying Qingpu District sold 193 units last week at an average price of 14,847 yuan per square meter, becoming the best seller by sales, according to Uwin data.
- 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.
