Related News
Home » Business » Real Estate
Residences take over 50% of land sales
By Cherry Cao |
December 24, 2010, Friday
|
Print Edition
Print Edition
Land sales are likely to exceed 14 million square meters in Shanghai this year, and over 50 percent of the plots are designated for housing development, a major estate chain has found.
By mid December, sales of a total gross floor area of 13.12 million square meters of land have been transacted in the city, compared to 12.4 million square meters during the entire 2009, according to a recent research by Shanghai Hanyu Property Co Ltd.
Of that, land for residences reached 6.88 million square meters, or 52.4 percent of the city's total.
Land designated for home building continued to be the most sought after by real estate developers as most of them were sold at notably higher prices while those allocated for commercial uses often drew a lukewarm response from the market, Hanyu research showed.
By mid December, sales of a total gross floor area of 13.12 million square meters of land have been transacted in the city, compared to 12.4 million square meters during the entire 2009, according to a recent research by Shanghai Hanyu Property Co Ltd.
Of that, land for residences reached 6.88 million square meters, or 52.4 percent of the city's total.
Land designated for home building continued to be the most sought after by real estate developers as most of them were sold at notably higher prices while those allocated for commercial uses often drew a lukewarm response from the market, Hanyu research showed.
- 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.
