Related News
Home 禄 Business 禄 Real Estate
Resale of existing homes grows feebly in August
By Cherry Cao |
September 6, 2012, Thursday
|
Online Edition
Online Edition
SHANGHAI'S existing housing index climbed for the third straight month in August although at a slower pace.
The index, which monitors resale prices of existing houses, inched up 2 points, or 0.08 percent, from July to 2,584 last month, the Shanghai Existing House Index Office said today.
That compared with a gain of 0.16 percent and 0.12 percent in June and July, respectively.
"Prices for existing homes advanced at a slower pace last month amid a double-digit drop in transaction volume," said Lu Bei, an analyst at the office.
Across the city, 82 of the 128 monitored areas saw price increases, a decrease of 16 from July. They recorded an average month-on-month growth of 0.24 percent.
Prices were flat in 12 areas and declined in the rest 34 areas.
Resale of existing homes shrank 14.7 percent last month, according to Shanghai Centaline Property Consultants Ltd, operator of the city's largest estate chain in terms of transaction value.
Houses priced between 1 million and 2 million yuan (US$157,700 to US$315,500) accounted for 48.6 percent of the total deals last month, followed by those costing 2 million to 3 million yuan, which made up about 20 percent, Centaline said in a report.
The index, which monitors resale prices of existing houses, inched up 2 points, or 0.08 percent, from July to 2,584 last month, the Shanghai Existing House Index Office said today.
That compared with a gain of 0.16 percent and 0.12 percent in June and July, respectively.
"Prices for existing homes advanced at a slower pace last month amid a double-digit drop in transaction volume," said Lu Bei, an analyst at the office.
Across the city, 82 of the 128 monitored areas saw price increases, a decrease of 16 from July. They recorded an average month-on-month growth of 0.24 percent.
Prices were flat in 12 areas and declined in the rest 34 areas.
Resale of existing homes shrank 14.7 percent last month, according to Shanghai Centaline Property Consultants Ltd, operator of the city's largest estate chain in terms of transaction value.
Houses priced between 1 million and 2 million yuan (US$157,700 to US$315,500) accounted for 48.6 percent of the total deals last month, followed by those costing 2 million to 3 million yuan, which made up about 20 percent, Centaline said in a report.
- 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.
