Home 禄 Business 禄 Real Estate
Sales of new homes drop as average price increases
By Cao Qian |
March 15, 2011, Tuesday
|
Print Edition
Print Edition
ROBUST sales at a luxury housing project in Shanghai's northeastern Yangpu District helped push up the average price of new homes in the city last week, while overall buying sentiment fell.
Sales of new homes, excluding those built under the city's affordable housing programs, dropped 7.4 percent to 63,000 square meters between March 7 and Sunday, Shanghai Uwin Real Estate Information Services Co said yesterday. However, the average price climbed nearly 24 percent to 21,968 yuan (US$3,343) per square meter after 11 homes at Yanlord Townhouse in New Jiangwan Town were sold.
"On the whole, sluggish momentum remained unchanged with last week's transaction volume only half the average level recorded over the past five years," said Huang Zhijian, chief analyst at Uwin.
The Yanlord Townhouse homes sold at an average 74,359 yuan per square meter, a record for apartments in the district, Uwin said.
"There won't be any recovery in the home sale market this month, which is traditionally a good season for real estate developers as buying momentum usually picks up after the Spring Festival," said Lu Qilin, research head at Shanghai Deovolente Realty.
Weak buying sentiment was also reflected at an annual property event. By last Friday, only 45 real estate developers had confirmed attendance at the Shanghai Spring Real Estate Exhibition, which opens on Thursday at the Shanghai Exhibition Center.
It is a plunge of more than 75 percent from last year when about 200 developers attended the exhibition. About 60 projects, a drop from about 300 last year, will go on sale, according to Soufun.
Sales of new homes, excluding those built under the city's affordable housing programs, dropped 7.4 percent to 63,000 square meters between March 7 and Sunday, Shanghai Uwin Real Estate Information Services Co said yesterday. However, the average price climbed nearly 24 percent to 21,968 yuan (US$3,343) per square meter after 11 homes at Yanlord Townhouse in New Jiangwan Town were sold.
"On the whole, sluggish momentum remained unchanged with last week's transaction volume only half the average level recorded over the past five years," said Huang Zhijian, chief analyst at Uwin.
The Yanlord Townhouse homes sold at an average 74,359 yuan per square meter, a record for apartments in the district, Uwin said.
"There won't be any recovery in the home sale market this month, which is traditionally a good season for real estate developers as buying momentum usually picks up after the Spring Festival," said Lu Qilin, research head at Shanghai Deovolente Realty.
Weak buying sentiment was also reflected at an annual property event. By last Friday, only 45 real estate developers had confirmed attendance at the Shanghai Spring Real Estate Exhibition, which opens on Thursday at the Shanghai Exhibition Center.
It is a plunge of more than 75 percent from last year when about 200 developers attended the exhibition. About 60 projects, a drop from about 300 last year, will go on sale, according to Soufun.
- 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.
