Related News
Home » Business » Real Estate
Robust sales in city land market
By Cherry Cao |
May 23, 2013, Thursday
|
Online Edition
Online Edition
SHANGHAI'S land market registered robust sales in the first few months of this year, with Pudong New Area contributing half of the proceeds, according to latest market data.
A total of 65 land parcels, excluding those designated for public uses, had been sold in the city as of today, fetching a combined 40 billion yuan (US$6.45b), Century 21 China Real Estate, one of the largest estate chains in Shanghai, said today.
That compared to 74 billion yuan recorded in 2012.
"Abundant supply of high-quality parcels in Pudong, particularly released over the past few weeks, helped boost momentum in the local market," said Eric Luo, a Century 21 researcher.
"The trend is going to extend at least for the short term, as developers seem to be rather ambitious to expand their land reserves for future growth."
In the first 23 days of this month, 10 parcels in Pudong have been sold for a total of 7.76 billion yuan.
They accounted for 59 percent by volume and 78 percent by value, of the city's total land sales registered during the period, according to Century 21 data.
From now on till the end of June, four more land plots in Pudong, with a starting price of 5.79 billion yuan, will be released for sale, according to government documentation released earlier.
A total of 65 land parcels, excluding those designated for public uses, had been sold in the city as of today, fetching a combined 40 billion yuan (US$6.45b), Century 21 China Real Estate, one of the largest estate chains in Shanghai, said today.
That compared to 74 billion yuan recorded in 2012.
"Abundant supply of high-quality parcels in Pudong, particularly released over the past few weeks, helped boost momentum in the local market," said Eric Luo, a Century 21 researcher.
"The trend is going to extend at least for the short term, as developers seem to be rather ambitious to expand their land reserves for future growth."
In the first 23 days of this month, 10 parcels in Pudong have been sold for a total of 7.76 billion yuan.
They accounted for 59 percent by volume and 78 percent by value, of the city's total land sales registered during the period, according to Century 21 data.
From now on till the end of June, four more land plots in Pudong, with a starting price of 5.79 billion yuan, will be released for sale, according to government documentation released earlier.
- 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.
