Shanghai Real Estate News

Shanghai Established a new Report Price tag for Acreage this Yr when Winmine Expense Ptd Compensated 42,821 yuan
Every Rectangular meter (US$7,026) for a plot in downtown Huangpu Area yesterday.

Winmine, a subsidiary of Singapore-Outlined Wing Tai Holdings Ltd, Obtained the 8,594-Rectangular-meter
parcel Following to the Xintiandi Location Forward of rivals Such as China SCE ProEveryty Holdings Ltd and
Shanghai Yongye Set.

The parcel Experienced a Beginning Price tag of 748 million yuan, or 29,013 yuan Every Rectangular meter, and was
Marketed for 1.1 billion yuan, a premium of 47 Everycent.

The plot is Selected for Business office and Industrial Reasons.

“This Appears to me a Reasonable Price tag concerning the plot’s prime Area,” Stated Sky Xue, an analyst
at China Real Estate Facts Corp (CRIC). “Additionally, Getting into Thought its Instead
Little Dimension, the Complete investment for the Task is Nonetheless controllable Regardless of the Substantial Typical
Price tag.”

The Town’s Earlier Report was Established in October when a subsidiary of Hong Kong-Dependent K. Wah Set
Compensated 568 million yuan for a riverfront plot in the Pudong New Area. The 5,665-Rectangular-meter
residential parcel fetched an Typical gross Flooring Location Price tag of 40,106 yuan Every Rectangular meter, or
63 Everycent above its Beginning Price tag.

Shanghai has Witnessed robust Acreage Product sales this Yr with plots Really worth Far more than 185 billion yuan Marketed
Throughout the Town by yesterday, In accordance to CRIC.

Land Product sales for the Entire Yr are Anticipated to surpass 200 billion yuan as parcels with a Blended
asking Price tag of 18.2 billion yuan are to be auctioned in Dec.