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Pre-owned home purchases surge 25%
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Purchases of pre-owned homes in Shanghai last month surged 25 percent from August, with outlying districts seeing robust sales, Shanghai Deovolente Realty Co said yesterday.
The city saw 26,806 units bought last month, the realty company said. The average price of the pre-owned homes gained 0.2 percent from August to a record 18,988 yuan (US$3,102) per square meter. It was the fifth consecutive month that the average price rose, providing further evidence that buying sentiment continued to be positive.
Sales in Fengxian, Jinshan, Qingpu districts and Pudong New Area rose above 40 percent monthly.
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