Home » Business » Real Estate
Weak sentiment dampens sales of new houses
Print Edition
NEW home sales fell for the second straight month in Shanghai in August amid weak sentiment.
The sales of new homes, excluding government-funded affordable housing, fell 6.7 percent from July to 654,000 square meters, the lowest volume in three months, Shanghai Deovolente Realty Co said in a report released yesterday.
“Despite a cooler-than-expected weather in August, most homeseekers continued to take a ‘wait-and-see’ attitude as they hope for significant price cuts by developers,” said Lu Qilin, a Deovolente researcher.
But few developers have offered attractive discounts — a major reason for the sluggish sales, Lu said.
The average cost of a new home fell 0.3 percent from July to 26,290 yuan (US$4,276) per square meter.
- 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.
