Construction: New home price edges lower
(Shanghai Daily)
Updated: 2006-05-23 13:44
Average prices of new residences that went up for sale last week in Shanghai
dropped to 8,235 yuan (US$1,028) per square meter, 5.6 percent lower than a week
earlier.
The transacted volume reached 6,036 units, growing 24.1 percent from a week
earlier.
The city's property market will remain stable after the central government
said it will adopt more measures to cool escalating housing prices in major
cities like Beijing and Shenzhen, industry analysts said.
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