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Home sales fall to 2-month low - Sectional Water Tanks Manufacturer - Reverse Osmosis Water Systems by icdenta icdenta






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Home sales fall to 2-month low - Sectional Water Tanks Manufacturer - Reverse Osmosis Water Systems by
Article Posted: 09/12/2015
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Articles Written: 1096
Word Count: 348
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Home sales fall to 2-month low - Sectional Water Tanks Manufacturer - Reverse Osmosis Water Systems


 
Business,Business News,Business Opportunities
THE purchases of new homes fell to the lowest level in about two months in Shanghai last week while average prices also dropped amid lackluster sales of luxury houses. Purchases of new residential properties, excluding government-subsidized affordable housing, withdrew 16.8 percent from a week earlier to 175,500 square meters during the seven days ended yesterday, Shanghai Deovolente Realty Co said today. "Seven-day sales dropped to the lowest in nine weeks as some real estate developers started to trim down discounts amid continuously improving sentiment among home seekers," said Lu Qilin, a Deovolente researcher.

"Meanwhile, sluggish sales of luxury developments dragged down the average price to the lowest in six weeks." A residential project near Changfeng Park developed by China Overseas Property Group, for instance, sold 16 units last week for an average price of 39,502 yuan (US$6,182) per square meter, according to Deovolente data. That compared to an average price of 38,100 yuan per square meter registered in June.

Buyers paid an average 23,408 yuan per square meter for new homes last week, a decrease of 7.9 percent on a weekly basis. Twenty-eight new homes costing more than 50,000 yuan a square meters were sold during the seven-day period, down from 51 units the previous week. Between July 1 and yesterday, new homes totaling 615,200 square meters were sold in Shanghai, a separate report released today by Shanghai Uwin Real Estate Information Services Co showed. Transaction volume for July should be around 850,000 square meters, according to Uwin forecast..Home sales fall to 2-month low - Sectional Water Tanks Manufacturer - Reverse Osmosis Water Systems ManufacturerHome sales fall to 2-month low - Sectional Water Tanks Manufacturer - Reverse Osmosis Water Systems ManufacturerHome sales fall to 2-month low - Sectional Water Tanks Manufacturer - Reverse Osmosis Water Systems ManufacturerHome sales fall to 2-month low - Sectional Water Tanks Manufacturer - Reverse Osmosis Water Systems Manufacturer

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