Home / Business / Real Estate Tools: Save | Print | E-mail | Most Read | Comment
Correction for Shanghai real estate sales
Adjust font size:

Shanghai's real estate market finally entered a correction in August amid setbacks in both volume and price.

About 23,700 properties were sold across the city last month at an average price of 12,700 yuan (US$1,859) per square meter, a drop of 18 percent in volume and a retreat of 1 percent in price, according to latest research by Century 21 China Real Estate.

"Notably the price decrease, though very slight, was the first in 10 months while transaction volume has been losing strength for two straight months," said Huang Hetao, a researcher at Century 21 China Real Estate, which runs the city's second-largest brokerage chain. "A drop in both volume and price indicated that a real correction might have started."

Across the city, only three suburban districts of Fengxian, Jinshan and Qingpu registered increases in volume while districts of Huangpu, Jing'an, Xuhui and Yangpu all recorded significant decrease of more than 30 percent, Century 21 statistics showed.

A stricter down payment rule on second homes, coupled with widened price gaps between sellers and buyers, has been hindering sales of existing homes, industry analysts said.

In particular, sales of existing properties costing less than 900,000 yuan per unit continued to shrink in August, accounting for 59 percent of total deals secured last month. Meanwhile, those with a price tag of between 900,000 and 1.5 million yuan, 1.5 million to 3 million yuan and 3 million to 5 million yuan, all gained slightly, taking 26 percent, 11 percent and 2 percent, respectively.

(Shanghai Daily September 8, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Comment
Pet Name
Anonymous
China Archives
Related >>
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 十分钟在线观看免费视频www| 1000部拍拍拍18勿入免费视频下载| 老师那里好大又粗h男男| 日韩av片无码一区二区三区不卡 | 在线免费视频a| 久久久久久AV无码免费网站下载| 永久在线观看www免费视频| 国产伦精品一区二区免费| 91热视频在线| 成人欧美一区二区三区的电影| 亚洲免费黄色网| 精品久久精品久久| 国产女人aaa级久久久级| 99网站在线观看| 无码精品A∨在线观看无广告| 亚洲成a人片在线不卡一二三区| 老司机精品视频免费| 国产在线精彩视频| 777久久精品一区二区三区无码| 成人精品视频一区二区三区尤物| 亚洲a∨无码精品色午夜| 男插女高潮一区二区| 国产偷窥熟女精品视频| 91香蕉视频导航| 国产高清在线精品二区| 东北少妇不带套对白| 最新亚洲春色av无码专区| 人人做人人爽人人爱| 蜜桃成熟时2005| 国产白嫩美女在线观看| jizz中国jizz欧洲/日韩在线| 日本暴力喉深到呕吐hd| 亚洲国产精品yw在线观看| 直接在线观看的三级网址| 十三以下岁女子毛片免费播放| 美女奶口隐私免费视频网站| 国产成人无码一二三区视频| 97公开免费视频| 学校触犯×ofthedead| 久久国产精品女| 欧美亚洲国产第一页草草|