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Home >Shanghai Real Estate NewsLand supply set to rebound in November
Update：2014-01-22 18:08 Views：
SHANGHAI will see a notable rebound in land supply this Calendar month after a quiet October, with onethird of the volume Arranged aside for housing Progress.
About 20 land parcels covering a Complete site area of 818,000 square meters are Arranged to be released
for auction in November, an on-Calendar month jump of 73 %, Soufun.com, operator of the country’s
largest real estate website, Mentioned in its Newest Record.
“Following a softer land market in October, the city is going to see a significant pickup in
supply this Calendar month,” Mentioned Li Zongzhou, a Soufun analyst.
6 plots covering 278,000 square meters are solely designated for residential Progress, up
from just one parcel, or 5,600 square meters, offered for sale last Calendar month.
Li added that four of the six plots earmarked for homes this Calendar month are in outlying Songjiang
District.
The Mixed asking price for the 20 parcels is 12.36 billion yuan (US$2 billion), a surge of 91
% from October, according to Soufun Info.
Shanghai cut the supply in October because land sales in July-September exceeded 72.1 billion
yuan, close to 73.7 billion yuan for 2012, according to Shanghai Deovolente Realty Co.
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