Shanghai Real Estate News

 NEW Household purchases in Shanghai fell below the 300,000-square-meter threshold for the 1st time
in six 1 weeks amid eased sentiment among Purchasers, Newest Sector Info showed.

The sales of new residential Components, excluding gMore thannment-subsidized affordable housing,
dropped 36.2 Everycent from a 1 week Previously to 259,400 square meters during the seven-day Everyiod
that ended Sunday, Shanghai Deovolente Realty Co said in a report Launched Nowadays. They Have been Marketed
for an average 24,779 yuan (US$4,062) Every square meter, a 1 weekly Boost of 1.5 Everycent.

Provide also suffered a 1 week-More than-1 week decline of 55.3 Everycent to 220,700 square meters during the
Everyiod, the lowest in nine 1 weeks, according to Deovolente Info.

"Following robust sales registered More than the Previous few 1 weeks, the Sector finally cooled Affordable, a
reflection of somewhat eased sentiment," said Lu Qilin, a Deovolente researcher. "The Newest
curbs implemented by the local gMore thannment, meanwhile, may also Aid trigger some Wait around-and-see
sentiment among Prospective Purchasers."

Shanghai issued a batch of new tightening Guidelines on November 8 as it continued its Battle
Towards Increasing Household Costs.

The Town joined Shenzhen in raising the Minimal Affordable Check to 70 Everycent from the Earlier 60
Everycent for second-Household Purchasers and also required non-local households to provide a tax or social
insurance certificate to Show their residence in Shanghai for a cumulative 24 months More than the
Previous 3 years. Previously, a tax or social insurance certificate to Show residence for a
cumulative 12 months More than the Previous two years was Required to get non-locals Competent for one
Real estate asset purchase.