Home 禄 Business 禄 Real Estate
Shanghai鈥檚 housing market to be stable
SHANGHAI’S housing market will be generally stable in 2017 but sales are likely to be subdued due to strictly-enforced policies to curb speculation.
In the first three months of this year, about 1.3 million square meters of new homes were sold across the city, a plunge of 68.7 percent from the same period a year earlier, Cushman & Wakefield said in a report yesterday.
These new homes were sold for an average 47,335 yuan (US$6,865) per square meter, up 6 percent from the previous quarter and an annual surge of 35.5 percent.
“The city’s housing market is entering a period of correction this year with little room for policy relaxation,” said Jenny Wu, senior director and head of residential for Cushman & Wakefield’s east China operations.
“Further rein-in measures are also possible if home prices continue to head north,” she added.
More than 1.03 million square meters of new houses were released locally in the January-March period, little changed from 1.04 million square meters during same period a year ago.
New home sales within the city’s Inner Ring Road dived 80.5 percent from a year earlier to 465 units in the first quarter of this year as new supply plunged 97 percent.
Between the Inner and Middle Ring roads, sales of new homes fell 32.9 percent year on year to 858 units in the quarter although new supply increased 34.5 percent from a year earlier.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$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.