Home » Business » Real Estate
Policies boost housing index
Print Edition
SHANGHAI’S pre-owned house index turned around in November for the first time in six months as government policies to bolster a sagging property market were just the tonic to lift buyers’ sentiment.
The index, which tracks month-on-month price changes of pre-owned houses across the city, gained 0.18 percent, or 6 points, from October to 2,893, the Shanghai Existing House Index Office said in its latest report.
“Government measures launched over the past month to fight against sluggish property sales boosted the city’s existing home market as more than 20,000 units of properties were traded last month,” Chen Zhen from the index office said yesterday.
Buyers took advantage of a revised criteria for “normal” housing by the local industry watchdog and the latest interest rate cut by China’s central bank — the first of its kind in more than two years.
Of the 130 areas tracked in the city, prices rose in 74, a gain of 58 from October. Prices fell in 43 areas and were flat in the remaining 13 areas.
- 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.
