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Construction: Property market to rebound
(Shanghai Daily)
Updated: 2006-04-05 13:50
Shanghai's new apartment sales doubled in March from the month before as the
residential property market showed signs that it may finally be reversing a
downward spiral that began last June.
About 1.8 million square meters of new flats were sold last month, compared
with the 820,000 square meters in February, according to fangdi.com.cn, the
government's online home trading platform.
Among the transactions, more than 80 percent were above
the budget price range, indicating that pent-up demand is being released,
analysts said.
(For more biz stories, please visit Industry Updates) |
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