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Shenzhen's new home sales up 19.17% MoM in Nov

Dec. 3, 2012 (China Knowledge) - Shenzhen saw its number of new home transactions grow 19.17% from a month earlier to 4,340 units in November this year, according to the latest statistic released by Urban Planning Land and Resources Commission of Shenzhen Municipality.

Last month, the city's new home transaction area grew 25.77% MoM to 415,500 sq m.

The average transaction price of the city's new home was RMB 18,622 per sq m last month, down 7.56% from a month earlier.

Meanwhile, the transaction of second-home in Shenzhen increase 34.35% MoM to 6,282 units. The transaction area hit 524,000 sq m last month, 24.67% more than in October 2012.

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