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Slow homes sales
By Cao Qian |
July 6, 2011, Wednesday
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Print Edition
Print Edition
BUYING sentiment for existing properties in Shanghai fell for the first time in four months in June as an uncertain market outlook kept more home seekers on sidelines, industry data showed yesterday.
A total of 13,100 units, or 1.16 million square meters, of existing properties were sold across the city in June, a month-on-month decrease of 7.3 percent and 9.8 percent, Century 21 China Real Estate, operator of the city's largest estate chain in terms of outlet numbers, said in a report released yesterday.
It was the first monthly loss registered since March, as more potential buyers, in fear of further tightening measures from the government in the second half, chose to take a wait-and-see attitude, said Huang Hetao, a Century 21 analyst.
A total of 13,100 units, or 1.16 million square meters, of existing properties were sold across the city in June, a month-on-month decrease of 7.3 percent and 9.8 percent, Century 21 China Real Estate, operator of the city's largest estate chain in terms of outlet numbers, said in a report released yesterday.
It was the first monthly loss registered since March, as more potential buyers, in fear of further tightening measures from the government in the second half, chose to take a wait-and-see attitude, said Huang Hetao, a Century 21 analyst.
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