Home » Business » Real Estate
Shanghai’s new housing market endures weakness
Print Edition
SHANGHAI’S new housing market continued to be weak despite a mild recovery in sales of medium- to low-end homes.
The area of new homes sold, excluding government-subsidized affordable housing, rose 9.1 percent to 150,000 square meters last week, Shanghai Centaline Property Consultants Co said in a report released yesterday.
They sold at an average 43,150 yuan (US$6,359) per square meter, a weekly drop of 4.5 percent.
“The rather active transactions recorded in the medium- to low-end segments were mainly buoyed by abundant supply of such homes that were launched during the previous few weeks,” said Lu Wenxi, senior manager of research at Centaline.
The local market saw a 78-percent plunge in supply of new houses to below 70,000 square meters last week from the previous seven-day period, Centaline data showed.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
