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Shanghai's second-hand housing prices rise
By Cherry Cao |
January 31, 2013, Thursday
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SHANGHAI'S pre-owned housing index continued to rise moderately in January, extending strength for the eighth straight month amid unabated demand from end-users.
The index, which monitors price variations of existing homes in the city, gained 7 points, or 0.27 percent, from December to 2,607 last month, the Shanghai Existing House Index Office said today.
The index rose 0.19 percent in December and added 0.15 percent in November.
"Buying momentum in the city's existing home market strengthened for another month as hopes for price decreases continued to wane," said Chen Zhen, an analyst at the office. "More home owners raised their asking prices and that also contributed to the increase of the index."
Across the city, prices rose in 82 of the 130 tracked areas in January by an average 0.63 percent from December. Prices fell in 25 areas by an average 0.64 percent while those in the remaining areas were flat from a month ago, the office said.
The index, which monitors price variations of existing homes in the city, gained 7 points, or 0.27 percent, from December to 2,607 last month, the Shanghai Existing House Index Office said today.
The index rose 0.19 percent in December and added 0.15 percent in November.
"Buying momentum in the city's existing home market strengthened for another month as hopes for price decreases continued to wane," said Chen Zhen, an analyst at the office. "More home owners raised their asking prices and that also contributed to the increase of the index."
Across the city, prices rose in 82 of the 130 tracked areas in January by an average 0.63 percent from December. Prices fell in 25 areas by an average 0.64 percent while those in the remaining areas were flat from a month ago, the office said.
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