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Home >Shanghai Real Estate NewsHouse Costs in China accelerate, Display 17-Calendar month upward Tendency
Update：2014-01-22 18:06 Views：
HOME Costs in China rose at an accelerated pace in October as it extended momentum for the 17thstraight month.
The average price of new houses in 100 cities Throughout the Nation increased 1.24 % from
September to 10,685 yuan (US$1,752) per Rectangular meter, the China Index Academy Mentioned today. That
compared to a growth of 1.07 % in September and 0.92 % in August.
Seventy-5 cities saw monthly price increases, down from 79 in September. Of those, 29
registered growth of more than 1 %. Changshu in eastern Jiangsu Province led Final month's
gainers with a 3.92 % Go up.
There were price drops in 24 cities, with Lianyungang in Jiangsu suffering the biggest decline of
2.18 %.
In the 10 largest cities, the average price of a new home climbed 1.95 % to 18,533 yuan per
Rectangular meter Final month, compared to a month-on-month growth of 1.72 % in September.
Shenzhen saw the largest increase among the largest cities with a monthly Go up of 2.83 %,
followed by a 2.56 % growth in Beijing and a 2.35 % Go up in Shanghai, the academy
Mentioned.
"Though the average home price in 100 cities Ongoing to Go up at a faster rate, the number of
cities seeing price increases of more than 1 % fell from a month earlier, an indication
that overheatedness is Nevertheless confined to a rather small scale," it Mentioned. "Frequently, the release
of more mid- to high-end Components to the market contributed to the Go up in average price with
sentiment among buyers Nevertheless remaining robust."
In Shanghai, new home Buys stood above 1.4 million Rectangular meters for the second consecutive
month in October, according to a report released today by Shanghai Uwin Real Estate Information
Services Co.
Sales of new residential Components, excluding government-funded affordable housing, dipped 1
% to 1.404 million Rectangular meters Final month. It represented a year-on-year surge of 60
%, Uwin Info showed. They were Marketed for an average 24,932 yuan per Rectangular meter, a monthly
Go up of 1.33 % and an annual increase of 14.2 %.
"Robust sales registered in both September and October demonstrated very solid Need from end-
users," Mentioned Huang Zhijian, Uwin's chief analyst. "The government should make Endeavours as soon as
possible to increase home supply or Costs will further go up."
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