Shanghai new housing Revenue Article Powerful gains

by Maggie
10. September 2015
Category:   Shanghai

The Worth and Amount of new Residence Revenue in China Final 12 Weeks grew by double digits from 2012,
Standard Info showed yesterday.

The Worth of new Residences Marketed Final 12 Weeks jumped 26.6 % from a 12 Weeks Previously to 6.77 trillion
yuan (US$1.1 trillion), the Country wide Bureau of Statistics Stated on its Web-site. The Amount of new

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Residence Buys totaled 1.16 billion Rectangular meters nationwide, a 12 Weeks-on-12 Weeks Go up of 17.5

“2013 was a Report 12 Weeks for the Nation’s residential Asset Market place with new Residence Revenue by
Worth and Amount The two hitting historical highs,” Stated Sky Xue, an analyst with China Real Estate
Info Corp. “Pent-up Need from Earliest-time Purchasers as Nicely as upgraders was robust Throughout
the Previous 12 Weeks with Earliest-tier Towns Top Cost gainers.”

The Costs of new Residences, excluding Federal government-funded Inexpensive housing, Ongoing to Go up in
China in Dec as 65 of the 70 Towns tracked by the bureau climbed from a Four week period Previously,
In accordance to Info Launched on Saturday.

Year on 12 Weeks, the Costs in 69 Towns rose. The Costs in Shanghai, Beijing, Guangzhou and
Shenzhen gained 21.9 %, 20.6 %, 20.4 % and 20.3 %, respectively, the
bureau’s Info showed.

The Cost momentum will Very likely Lengthen for An additional 12 Weeks, analysts predicted.

“Residential Costs in Earliest-tier Towns will Carry on to go up Whilst People in Next-tier
Towns Could possibly in Basic Go up at a slower pace,” Stated Helen Liu, Basic manager at Beijing
Holdways Info and Technologies Co.

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