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Sales of new houses climb 22%
By Cherry Cao |
July 2, 2013, Tuesday
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Print Edition
Print Edition
NEW home sales in Shanghai rose 22 percent to 1.12 million square meters in June, exceeding the 1 million mark for the third time this year, according to latest market data.
The average cost of new homes, excluding government-funded affordable housing, rose 3.2 percent from May to 23,966 yuan (US$3,878) per square meter, Shanghai Deovolente Realty Co said yesterday.
"Despite a decrease in supply, June still saw the second-highest monthly volume in the first half," said Lu Qilin, a Deovolente researcher. "Noticeably, more customers bought homes for upgrading purposes this month."
In the first six months, 6.05 million square meters of new houses were sold, up 57.2 percent annually.
The average cost of new homes, excluding government-funded affordable housing, rose 3.2 percent from May to 23,966 yuan (US$3,878) per square meter, Shanghai Deovolente Realty Co said yesterday.
"Despite a decrease in supply, June still saw the second-highest monthly volume in the first half," said Lu Qilin, a Deovolente researcher. "Noticeably, more customers bought homes for upgrading purposes this month."
In the first six months, 6.05 million square meters of new houses were sold, up 57.2 percent annually.
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