Related News
Home » Business » Real Estate
Sales of medium, high-end homes rebounds last week
By Cherry Cao |
October 22, 2012, Monday
|
Online Edition
Online Edition
THE average new home price climbed above 22,000 yuan (US$3,492) per square meter again in Shanghai last week amid improving sentiment for medium and high-end properties though overall sales had double-digit decline.
The purchases of new residential properties, excluding government-funded affordable housing, dropped 17.5 percent week-on-week to 208,800 square meters during the seven-day period ended Sunday, Shanghai Deovolente Realty Co said today.
They fetched on average 22,163 yuan per square meter, a weekly increase of 10.2 percent and the highest in five weeks.
"The city's medium and high-end housing market, which has been quiet for some time, rebounded notably last week," said Lu Qilin, a Deovolente researcher. "A total of 45,500 square meters of new homes priced over 30,000 yuan per square meter were sold across the city, the highest in 11 weeks."
New homes with a price tag between 30,000 yuan and 50,000 yuan per square meter accounted for 16 percent of total transactions, compared with 8 percent the previous week, according to Century 21 China Real Estate.
On the supply side, some 145,800 square meters of new homes were released to the local market last week, a weekly drop of 36.8 percent.
In the first three weeks of this month, nearly 540,000 square meters of new homes were sold in Shanghai, a month-on-month increase of 5 percent and an annual surge of 99.6 percent, Century 21 said.
"Despite the double-digit drop in transaction, the weekly volume of more than 200,000 square meters still signaled a rather robust demand," said Huang Hetao, a Century 21 research manager.
"October's sales volume will likely outperform that in September though the increase would be insignificant."
The purchases of new residential properties, excluding government-funded affordable housing, dropped 17.5 percent week-on-week to 208,800 square meters during the seven-day period ended Sunday, Shanghai Deovolente Realty Co said today.
They fetched on average 22,163 yuan per square meter, a weekly increase of 10.2 percent and the highest in five weeks.
"The city's medium and high-end housing market, which has been quiet for some time, rebounded notably last week," said Lu Qilin, a Deovolente researcher. "A total of 45,500 square meters of new homes priced over 30,000 yuan per square meter were sold across the city, the highest in 11 weeks."
New homes with a price tag between 30,000 yuan and 50,000 yuan per square meter accounted for 16 percent of total transactions, compared with 8 percent the previous week, according to Century 21 China Real Estate.
On the supply side, some 145,800 square meters of new homes were released to the local market last week, a weekly drop of 36.8 percent.
In the first three weeks of this month, nearly 540,000 square meters of new homes were sold in Shanghai, a month-on-month increase of 5 percent and an annual surge of 99.6 percent, Century 21 said.
"Despite the double-digit drop in transaction, the weekly volume of more than 200,000 square meters still signaled a rather robust demand," said Huang Hetao, a Century 21 research manager.
"October's sales volume will likely outperform that in September though the increase would be insignificant."
- 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.
