Related News
Home 禄 Business 禄 Real Estate
New homes sales in Shanghai fail to regain steam as peak season arrives
Online Edition
THE first week of September registered again subdued buying momentum, a signal that the city's housing market is yet to gain steam despite the arrival of the traditional high season for property sales.
The purchases of new residential properties, excluding government-funded affordable housing, dropped 35.4 percent week-on-week to 136,600 square meters, Shanghai Uwin Real Estate Information Services Co said in a report released yesterday.
The average cost of new homes rose 0.37 percent from the previous week to 25,537 yuan (US$4,119) per square meter, Uwin data showed.
"We were not off to a good start with weekly transaction volume staying below the 150,000-square-meter threshold," said Huang Zhijian, chief analyst at Uwin. "As far as the home purchase restriction remains strictly in place in Shanghai, the best way for real estate developers to boost their sales might be offering notable price cuts, which, unfortunately, were not so prevalent at the moment."
On the supply side, 205,400 square meters of new houses were released to the local market, a drop of 45.7 percent from the previous seven-day period, according to Uwin data.
Citywide, mid- to low-end projects remained to be the most sought after developments with only one out of the 10 best- selling projects cost more than 40,000 yuan per square meter.
- 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.
