High-end housing sales rebound
Updated: 2012-09-05 16:20
By Hu Yuanyuan (chinadaily.com.cn)
|
||||||||
The sales of high-end property saw a strong rebound in the first eight months of the year, data from Centaline Group's Beijing branch 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 sq m — were sold during the first eight months, compared with 2,301 units sold during 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.
"The price may go up further in the coming two months, along with the recovery of the market," said Zhang Dawei, head of the research department at Centaline.
- Housing transactions decline in August
- 'Time to change' housing presale system
- Speculative housing demand curbed
- Wenzhou investors sit tight as housing prices stall
- China steps up affordable housing construction
- China allocates 20k hectares for low-income housing
- Makeshift houses nearly ready for flood victims
- Policy flaws make low-income housing unpopular
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |