Shanghai Real Estate News

New House Costs in Shanghai surged the most from a year ago in October among 70 major Chinese language courses
cities, according to data released today by the Countrywide Bureau of Statistics.

Only 1 city – Wenzhou - registered an Yearly Value fall last Thirty day period. With an Yearly increase of
21.4 percent, Shanghai led all gainers in October and was closely trailed by Beijing, Guangzhou
and Shenzhen, In which new House Costs rose 21.2 percent, 20.7 percent and 20.6 percent,
respectively, from the same time a year ago.

On a Thirty day period-on-Thirty day period Schedule, 65 of the 70 cities saw rises in new House Costs in October, official
data showed.

The pace of growth in new House Costs averaged 0.7 percent on a Thirty day periodly Schedule, slowing 0.2
percentage point compared with that in September as developers ramped up supplies to meet growing
Need during the Conventional sales season and Federal government tightened Value regulations, explained
senior NBS statistician Liu Jianwei.

The Cause that Initial-tier cities continued to lead rises while Costs in most Next- and third-
tier cities grew at a Additional tempered pace was partly due to a low comparison base, the bureau
said.

The data covered the country's Big and medium-sized cities, provincial capitals and other
cities.