Home » Business » Real Estate
New home sales triple, supply up
Print Edition
New home sales more than tripled in Shanghai last month amid a slow recovery in supply.
The area of new residential properties sold, excluding government-subsidized affordable housing, surged 227.8 percent from February to 377,000 square meters, according to Shanghai Centaline Property Consultancy Co’s latest monthly report.
“With the coronavirus disease outbreak gradually being brought under control in China and more industries resuming operations, the city’s property market is also getting back to normal although at a slow pace,” said Lu Wenxi, Centaline’s senior research manager.
“New supply finally returned at the end of March after an absence of 10 consecutive weeks and that helped restore some confidence.”
The average price for a new home fell 5.3 percent to 56,952 yuan (US$8,019) per square meter.
For the second straight month, a Shui On Land project in Hongkou District topped the list, selling 14,404 square meters, or 100 apartments, for an average price of 108,750 yuan per square meter. Two medium- to low-end developments in outlying Jiading District sold 11,497 square meters and 11,167 square meters at an average 34,895 yuan and 31,416 yuan per square meter.
About 43,000 square meters, covering two projects, came onto the market — all in the last week of March — compared with no new supply in February.
- 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.
