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Villa posts highest sale price
By Cao Qian |
August 24, 2010, Tuesday
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Print Edition
Print Edition
A LUXURY villa project in Pudong New Area registered the highest sale price in Shanghai last week when one of its villas was sold for an average 138,214 yuan (US$20,385) per square meter.
The 494-square-meter unit, located on Yinliu Road in Zhangjiang, was one of 18 luxury villas launched in mid July. The asking price for the remaining 17 villas - with a gross floor area of between 494 square meters and 669 square meters - is 138,000 yuan, according to www.fangdi.com.cn, the city's official real estate website.
"Purchasing power among some Chinese people, particularly the luxury and high-end home buyers, still remains high," said Sky Xue, an analyst with China Real Estate Information Corp (CRIC), a major real estate information, consulting and online services provider. "And we've seen increasing pressure for a rebound in the housing market, particularly in housing price."
Meanwhile, a total of 20 apartments at a high-end residential development in downtown Luwan District were sold for an average 53,277 yuan per square meter last week, and 10 sales contracts were again sealed in Yanlord Town in Lianyang in Pudong during the seven-day period, with an average price of 45,254 yuan per square meter, according to statistics released by CRIC.
Across the city, new home sales were unchanged at 172,000 square meters last week while average prices climbed 1 percent to 20,095 yuan per square meter, according to Shanghai Uwin Real Estate Information Services Co yesterday.
New home supply, meanwhile, rose to 167,000 square meters from 68,000 square meters a week earlier.
Meanwhile, more than 70 percent of respondents view homes in Shanghai as too expensive and 37 percent of them think that houses beyond the Outer Ring Road are particularly overpriced according to a survey done by real estate information portal Soufun.
Over 50 percent of the respondents said they will continue to "wait and see" in the next two months.
The 494-square-meter unit, located on Yinliu Road in Zhangjiang, was one of 18 luxury villas launched in mid July. The asking price for the remaining 17 villas - with a gross floor area of between 494 square meters and 669 square meters - is 138,000 yuan, according to www.fangdi.com.cn, the city's official real estate website.
"Purchasing power among some Chinese people, particularly the luxury and high-end home buyers, still remains high," said Sky Xue, an analyst with China Real Estate Information Corp (CRIC), a major real estate information, consulting and online services provider. "And we've seen increasing pressure for a rebound in the housing market, particularly in housing price."
Meanwhile, a total of 20 apartments at a high-end residential development in downtown Luwan District were sold for an average 53,277 yuan per square meter last week, and 10 sales contracts were again sealed in Yanlord Town in Lianyang in Pudong during the seven-day period, with an average price of 45,254 yuan per square meter, according to statistics released by CRIC.
Across the city, new home sales were unchanged at 172,000 square meters last week while average prices climbed 1 percent to 20,095 yuan per square meter, according to Shanghai Uwin Real Estate Information Services Co yesterday.
New home supply, meanwhile, rose to 167,000 square meters from 68,000 square meters a week earlier.
Meanwhile, more than 70 percent of respondents view homes in Shanghai as too expensive and 37 percent of them think that houses beyond the Outer Ring Road are particularly overpriced according to a survey done by real estate information portal Soufun.
Over 50 percent of the respondents said they will continue to "wait and see" in the next two months.
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