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Property sales dip
By Cao Qian |
December 16, 2010, Thursday
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Print Edition
Print Edition
A TOTAL of 17.94 million square meters of new properties were sold in Shanghai during the first 11 months of this year, a year-on-year drop of 41.5 percent, the Shanghai Statistics Bureau said yesterday.
New home sales reached 14.51 million square meters, down 46.4 percent from the same period a year ago.
Between January and November, investment in real estate development rose 34.5 percent to 182.5 billion yuan (US$27.44 billion), accounting for 39.5 percent of total fixed-asset investment in the city.
Construction started on about 18.36 million square meters of new homes during the 11-month period, a yearly increase of 34.6 percent. And new homes totaling 9.45 million square meters completed construction during the same period, down 19 percent from a year earlier, the bureau said.
New home sales reached 14.51 million square meters, down 46.4 percent from the same period a year ago.
Between January and November, investment in real estate development rose 34.5 percent to 182.5 billion yuan (US$27.44 billion), accounting for 39.5 percent of total fixed-asset investment in the city.
Construction started on about 18.36 million square meters of new homes during the 11-month period, a yearly increase of 34.6 percent. And new homes totaling 9.45 million square meters completed construction during the same period, down 19 percent from a year earlier, the bureau said.
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