Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Latest News
 Search News  Or
Shanghai's residential property sales up 33% in May

Jun. 5, 2012 (China Knowledge) - Shanghai saw its sales volume of new residential properties reach 6,710 units last month, reflecting a MoM increase of 33% but a YoY decline of 6.4%, according to statistics released by Century 21 China Real Estate.

In May, the city sold 806,000 square meters of new residential properties, up 32% MoM or down 1.4% YoY. Average sales price stood at RMB 22,500 per sq m, 2.5% more than in April.

Last month, Shanghai opened 34 new residential property projects, only six of these were put for sales at lower-than-expected prices, while 13 projects were delayed. The remaining 15 projects were on sales with discounts, said a person familiar with the matter.

In the city's medium and high-end residential property market with prices exceeding RMB 30,000 per sq m, 155,000 sq m of such properties were sold in May, 29.5% more than that of April, sources reported.

Analysts, however, estimate that property sales in Shanghai would shrink gradually in June and July this year.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved