High-end housing sales rebound in first 8 months

The sales of high-end property saw a strong rebound in the first eight months this year, data from Centaline Group' showed on Wednesday.

According to Centaline, a total of 3,277 units of high-end apartments - which refer to apartments with a unit price higher than 40,000 yuan ($6,300) per square meter - were sold during the first eight months, compared with 2,301 units in 2011.

In addition to the increase in transaction volumes, prices also picked up. The average price of the units, according to Centaline, stood at 50,400 yuan per sq m, up 4.3 percent compared with the same period of last year.

China Daily-Agencies