Shanghai’s new home transactions slide 22% in April from previous month – property agency
DATA REAL ESTATE
Shanghai’s new home transactions slide 22% in April from previous month – property agency
DATA REAL ESTATE

Shanghai’s new home transactions slide 22% in April from previous month – property agency

 

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China’s financial hub of Shanghai saw new home transactions reached 7,093 units in April, sliding 22% from the previous month, and the value of the transaction reached 46.2 billion yuan, down 24% from the previous month, according to Shanghai Lianjia Research Institute. 

The average transaction price was 58,954 yuan per square meter, a drop of 3% from the month before, showed the data. 

In the first four months of this year, the total transaction amount of new homes in Shanghai reached 208.1 billion yuan, rising 21% from a year earlier, and a total of 29,298 units of new homes changed hands, sliding 19% from a year earlier, showed the data. 

The average transaction price was 63,698 yuan per square meter, rising by 3% from a year earlier, according to the data.