Home » Business » Real Estate
New home sales hit high since April
Print Edition
NEW home purchases in Shanghai rose to the highest in over six months last week as sentiment among home seekers and real estate developers rose again, latest industry data showed.
Sales of new homes, excluding government-funded affordable housing, climbed 2.3 percent week on week to 279,500 square meters, extending the pace for the second straight week, Shanghai Deovolente Realty Co said in a report released yesterday.
New home supply surged 55.2 percent from the previous week to 365,300 square meters during the same period, according to Deovolente data.
“Amid rather ample supply over the past two weeks, seven-day transactions of new houses soared to the highest since April, indicating improved momentum among home seekers as October, one of the few months when property sales are robust, is coming to an end,” said Lu Qilin, a Deovolente researcher. “We therefore expect notably better sales this month compared to September.”
The new homes were sold for an average 28,366 yuan (US$4,627) per square meter, up 7.7 percent from the previous week. A total of 132 luxury units, priced at 50,000 yuan per square meter and above, were sold across the city, up five from the previous week, the data showed.
Meanwhile, as of yesterday, over 12.5 million square meters of new homes were available for sale in Shanghai, according to the city’s official real estate website Fang.com.
Huang Zhijian, chief analyst at Shanghai Uwin Real Estate Information Services Co, expects developers to continue to provide discounts to unload their inventory.
- 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.
