[photopress:shanghai_newharbourservice_.jpg,full,alignright]The ‘busy season’ (that is the term used) for Shanghai has started with housing prices, sales and supply all rising. This according to Ehomeday.com, a Chinese language online real estate service provider.
The average prices of residences, including apartments, villas and budget houses, grew 8.6 percent from a week earlier to RMB8,179 yuan ($1,033) per square meter. The number of transactions was up 19.9 percent.
Apartment prices rose 4.3 percent to RMB9,166 yuan per square meter in the period while the transaction volume climbed 27 percent to 2,730 units.
Position, position, position.
- The sale of residences inside the Inner Ring Road was still active with the average price rising 9.2 percent.
- The average price of residences between the Inner Ring Road and the Outer Ring Road slightly rose 1.1 percent.
- The price of residences outside the Outer Ring Road dropped 4 percent.
Developers promoted 3,196 new properties last week, including residences and commercial spaces, up 825 units from a week earlier.
Source: Shanghai Daily