Sales of new homes in Shanghai dropped more than 80 percent last week, the week of Spring Festival and the predominance of wait and see attitude of buyers feeling slowed.
Sales of new homes, except for residents displaced by urban renewal plans half fell 82 percent last week to 13,000 square meters in the city since Feb. 15, 21, told Shanghai Real Estate Information Services UWIN Co yesterday.
Average prices, but remained at 19,079 yuan (2,793 dollars) per square meter, a weekly drop of 4 percent constant. We offer new homes registered in time.
The volume of new homes during the holiday season was 119 points in 2006, 188 units in 2007, 54 units in 2008 and 79 points in 2009, according to statistics UWIN.
