Government News
Shanghai's new housing sector rises 78% 2016-03-08
SHANGHAI'S new housing market posted sales of over 78 percent last week although the average price fell.
The area of new homes sold, excluding government-subsidized affordable housing, soared 78.1 percent week on week to 505,700 square meters, the highest seven-day volume registered in about eight months, Shanghai Homelink Real Estate Agency Co said in a report released yesterday.
The mean cost of these new homes fell 5.6 percent to 33,853 yuan (US$5,195) per square meter, Homelink data showed.
The area of new homes sold, excluding government-subsidized affordable housing, soared 78.1 percent week on week to 505,700 square meters, the highest seven-day volume registered in about eight months, Shanghai Homelink Real Estate Agency Co said in a report released yesterday.
The mean cost of these new homes fell 5.6 percent to 33,853 yuan (US$5,195) per square meter, Homelink data showed.
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