Latest News:  
Beijing   Thundershower/Overcast    31 / 24 ℃  City Forecast

English>>China Business

Mixed outlook on cost of homes

By Wu Yiyao  (China Daily)

09:00, August 31, 2012

Spanish-style villas in Jiading district, Shanghai. It is now a tough time for sellers of high-end villas in Shanghai amid strengthened policy controls. (Photo/China Daily)

Average price of a Shanghai villa fell nearly 6 percent from January to August

Chen Sanxia, an estate agent in Xintiandi, one of Shanghai's luxury home clusters, sold five apartments in the first half of 2012. The total price of these deals was more than 30 million yuan ($4.7 million), but Chen said it could not compare with the first half of 2011.

In Shanghai, as many as 1,126 luxury apartments with prices higher than 10 million yuan were sold between Jan 1 to Aug 15 of 2012. The average price of these apartments was 60,700 yuan per square meter, a 5.7 percent year-on-year decrease, according to Jenny Wu, a director with the property service department of DTZ China.

As for villas with prices higher than 10 million yuan in Shanghai, some 290 villas with total space of 108,726 square meters were sold from Jan 1 to Aug 15. The average price of these villas was 51,900 yuan per square meter.

The villa market in Shanghai between Jan 1 and Aug 15 saw a 33.2 percent year-on-year decrease in the number of villas sold, a 39.8 percent year-on-year decrease in the total space of villas sold, and a 5.9 percent year-on-year decrease in average price, according to Wu.


【1】 【2】 【3】 【4】



News we recommend:
Amusement parks boost real estate market Survey shows SOE jobs are top choice CNOOC pushes ahead with Nexen acquisition
The Pain of a Pension Deficit Staying on Target More new grads opt for State firms
Treading Lightly for Fast Growth  Questions raised over stores' price war A fertile ground for overseas banks

Email|Print|Comments(Editor:李倩、厉振羽)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's strategic missiles realize mobile launch

  2. A glimpse of pureness in Alaska’s wild

  3. Joining the 500 Club

  4. Helping hands

  5. Underwater Dancing

  6. 2012 Award Photos---National Geographic

Most Popular

Opinions

  1. Can trust again build Sino-Russian bridges?
  2. Rumors more credible than officials for netizens
  3. Commentary: Domestic demand engine for growth
  4. Taiwan's position key for Diaoyu Islands issue
  5. Carrier not right envoy for South Pacific
  6. Commentary: Another realty boom not needed
  7. Red moon threat reflects hollow fears on space
  8. Japanese diplomat in letter mission
  9. Editorial: Erring on side of caution
  10. Commentary: Transition of economy starts

What's happening in China

Landmark building demolished in Chongqing, SW China

  1. 'Special-ability' class ordered shut
  2. Names required to buy cold medicine in E China
  3. Varsity whistle blower has 'important clues'
  4. Shenzhen vetoes second-child proposal
  5. Experts allay fears over quake damage

China Features

  1. Regimen: spleen-friendly diets during White Dew
  2. Watch out hay fever during Bai Lu
  3. Man pricked by syringe with HIV
  4. Large windmill in northern Shaanxi Plateau
  5. Japan aids armed forces of China's neighbors

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture