Advanced Search

The story appears on

Page A6

June 30, 2020

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Real Estate

Shanghai new home sales soar

By Cao Qian | 00:04 UTC+8 June 30, 2020 | Print Edition

New home sales in Shanghai rose as expected in the last week of June, despite a modest retreat in new supply, latest market data showed.

The total area of new residential properties sold, excluding government-subsidized affordable housing, jumped 18.1 percent week over week to around 214,000 square meters during the seven-day period ending on Sunday, extending a rally for the third consecutive week, Shanghai Centaline Property Consultants Co said in a regular report yesterday.

“Remote areas posted strong performances in general with Qingpu District, the Nanhui region of Pudong and Baoshan District outperforming all by staying above the 20,000-square-meter mark,” said Lu Wenxi, Centaline’s senior researcher. “Notably, the Dragon Boat Festival witnessed extremely robust sales, far surpassing earlier expectations.”

During the three-day holiday ending on Saturday, nearly 100,000 square meters of new home space were unloaded across the city, a year-on-year surge of 170 percent, according to data.

The average price of new homes, meanwhile, dipped 1.1 percent week over week to 54,327 yuan (US$7,659) per square meter.

A project in Pudong was the most popular after selling 7,361 square meters, or 61 units, for an average price of 51,579 yuan per square meter during the period.

Real Estate


 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend