Related News
Home » Business » Real Estate
New home sales rise by a third in first half of year
By Cherry Cao |
July 23, 2013, Tuesday
|
Online Edition
Online Edition
SALES of new residential properties rose by more than one third in Shanghai in the first half of this year, a sign of recovering sentiment among buyers despite austerity measures to rein in housing speculation remaining in place, the Shanghai Statistics Bureau said today.
The city, meanwhile, saw declines in both homebuilding starts and completions, posing risks for inadequate supply in the future.
Between January and June, purchases of new residential properties totaled 9.53 million square meters across the city, a year-on-year growth of 35.5 percent. For properties of all types, transactions surged 39.5 percent to 11.07 million square meters during the six-month period, the bureau said.
On the supply side, however, groundbreaking on new homes fell 13.2 percent year-on-year to 7.86 million square meters, while construction was completed on some 6.68 million square meters of new housing, an annual decrease of 5.8 percent.
Investment in real estate development -- covering all property types -- rose 21.7 percent to 126.8 billion yuan (US$20.5 billion) in the first six months of this year, a rise of 9 percentage points from the same period a year ago.
Investment in residential properties jumped 9.5 percent to 72.56 billion yuan, while for offices and retail buildings, it totaled 18 billion yuan and 15.77 billion yuan, up 88.9 percent and 29.5 percent, respectively, from the same period last year, according to the bureau.
The city, meanwhile, saw declines in both homebuilding starts and completions, posing risks for inadequate supply in the future.
Between January and June, purchases of new residential properties totaled 9.53 million square meters across the city, a year-on-year growth of 35.5 percent. For properties of all types, transactions surged 39.5 percent to 11.07 million square meters during the six-month period, the bureau said.
On the supply side, however, groundbreaking on new homes fell 13.2 percent year-on-year to 7.86 million square meters, while construction was completed on some 6.68 million square meters of new housing, an annual decrease of 5.8 percent.
Investment in real estate development -- covering all property types -- rose 21.7 percent to 126.8 billion yuan (US$20.5 billion) in the first six months of this year, a rise of 9 percentage points from the same period a year ago.
Investment in residential properties jumped 9.5 percent to 72.56 billion yuan, while for offices and retail buildings, it totaled 18 billion yuan and 15.77 billion yuan, up 88.9 percent and 29.5 percent, respectively, from the same period last year, according to the bureau.
- 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.
