Home 禄 Business 禄 Real Estate
Sales of used homes decline
By Cherry Cao |
May 10, 2012, Thursday
|
Print Edition
Print Edition
SHANGHAI'S existing property market failed to sustain March's strong sales last month amid a drop in supply and a continued caution among buyers, according to the latest market data.
The market posted a 13.3 percent monthly drop in purchases of these properties, most of which were residential developments, to 14,300 units last month, Century 21 China Real Estate said in a report yesterday.
"The supply of 'value-for-price' properties continued to drop after the sales boom in March while the stable prices of existing houses also damped the interest of many home seekers who were still eying further discounts," said Huang Hetao, a research mana-ger at Century 21.
"The tug-of-war between individual home owners and buyers may continue for some time, at least over the coming two months," he said.
The existing properties were sold for an average of 16,200 yuan (US$2,565) per square meter in April, almost flat from a month earlier, according to Century 21 data.
The market posted a 13.3 percent monthly drop in purchases of these properties, most of which were residential developments, to 14,300 units last month, Century 21 China Real Estate said in a report yesterday.
"The supply of 'value-for-price' properties continued to drop after the sales boom in March while the stable prices of existing houses also damped the interest of many home seekers who were still eying further discounts," said Huang Hetao, a research mana-ger at Century 21.
"The tug-of-war between individual home owners and buyers may continue for some time, at least over the coming two months," he said.
The existing properties were sold for an average of 16,200 yuan (US$2,565) per square meter in April, almost flat from a month earlier, according to Century 21 data.
- 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.
