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Real estate fair reflects district property boom
By Gao Liangliang and Wen Wubei |
June 27, 2009, Saturday
|
Print Edition
Print Edition
THE three-day Minhang Real Estate Exhibition and Trade Fair held early this month attracted more than 23,000 visitors.
A total of 344 apartments were reserved and more than 10 million yuan (US$1.47million) deposit money was paid during the fair, showing a boom for the district's property industry.
The fair showcased Minhang's 33 properties for sale with a total construction area of 836,000 square meters. Real estate companies such as Vanke, Green Town and Hutchison Whampoa participated in the fair.
Statistics from the Minhang Housing Management Administration shows the trading volume from January to April this year was 13.5 billion yuan with about 14.3 billion square meters, a slight decrease compared with previous years.
During the fair, apartments under 100 square meters were popular with newly-wed couples.
In Qibao Town, the average price of new apartments last month was 12,568 yuan per square meter. New properties on the Qixin and Xinzhen roads are set to open, including the second phase of the Royal Garden and the third phase of the Oriental Garden. The price is estimated to be about 17,000 yuan.
In Gumei area, the average price in May reached 14,159 yuan per square meter and more than 100 units were sold, a jump of 200 percent since April. The Wanyuan City is priced at about 18,500 yuan. Its villas range from 300 to 700 square meters and are priced from 30 million yuan to 50 million yuan.
Hongqiao area close to the downtown currently has no new apartments. Its second-hand housing price is steady at 14,900 yuan.
In Xinzhuang and Meilong areas, the number traded in May reached 1,258 units and the average price rose to 10,791 yuan per square meter.
A high-end community will be set up in the east of Pujiang Town with four properties soon to be released -- Vanke Emerald, Yipin Man City, New Pujiang City and Yi City.
A total of 344 apartments were reserved and more than 10 million yuan (US$1.47million) deposit money was paid during the fair, showing a boom for the district's property industry.
The fair showcased Minhang's 33 properties for sale with a total construction area of 836,000 square meters. Real estate companies such as Vanke, Green Town and Hutchison Whampoa participated in the fair.
Statistics from the Minhang Housing Management Administration shows the trading volume from January to April this year was 13.5 billion yuan with about 14.3 billion square meters, a slight decrease compared with previous years.
During the fair, apartments under 100 square meters were popular with newly-wed couples.
In Qibao Town, the average price of new apartments last month was 12,568 yuan per square meter. New properties on the Qixin and Xinzhen roads are set to open, including the second phase of the Royal Garden and the third phase of the Oriental Garden. The price is estimated to be about 17,000 yuan.
In Gumei area, the average price in May reached 14,159 yuan per square meter and more than 100 units were sold, a jump of 200 percent since April. The Wanyuan City is priced at about 18,500 yuan. Its villas range from 300 to 700 square meters and are priced from 30 million yuan to 50 million yuan.
Hongqiao area close to the downtown currently has no new apartments. Its second-hand housing price is steady at 14,900 yuan.
In Xinzhuang and Meilong areas, the number traded in May reached 1,258 units and the average price rose to 10,791 yuan per square meter.
A high-end community will be set up in the east of Pujiang Town with four properties soon to be released -- Vanke Emerald, Yipin Man City, New Pujiang City and Yi City.
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