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Residential projects
By Cao Qian |
November 23, 2010, Tuesday
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Print Edition
Print Edition
NEW residential projects to be released in Shanghai next month are expected to drop more than 20 percent from November, with nearly 60 percent of the new supply being located in Pudong, Baoshan, Jiading and Songjiang, real estate website Soufun.com said yesterday.
Some 64 developments, including apartments, villas as well as mixed projects, are scheduled to be launched across the city in December, a month-on-month decrease of 22 percent. Year on year, it retreated 21 percent.
Among all, medium- to large-sized houses, with a gross floor area of 90-plus square meters, accounted for 69 percent of the total supply, according to Soufun research.
The latest rein-in policies have curbed market demand while a stricter pre-sale requirement on real estate developers has also reduced new supply, Soufun analysts said.
Some 64 developments, including apartments, villas as well as mixed projects, are scheduled to be launched across the city in December, a month-on-month decrease of 22 percent. Year on year, it retreated 21 percent.
Among all, medium- to large-sized houses, with a gross floor area of 90-plus square meters, accounted for 69 percent of the total supply, according to Soufun research.
The latest rein-in policies have curbed market demand while a stricter pre-sale requirement on real estate developers has also reduced new supply, Soufun analysts said.
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