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<CN Home>SH Home Mkt Shows 'Yr-end Rally'; Nov 2nd-hand Home Transactions Set ~7-mth New High
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Shanghai's housing market is experiencing a 'year-end rally,' with November's second-hand home transactions reaching a nearly-7-month new high. A total of 22,943 units of second-hand homes (including commercial and parking spaces) were transacted in Shanghai in November, a 24.1% increase from October's 18,483 units, according to statistics from fangdi.com.cn. Although this represents a 15.2% decline compared to 27,050 units in the same period last year, the significant MoM growth trend has not only set a new nearly-seven-month high in online trading volume but also ranks as the third highest month in transactions this year. AASTOCKS Financial News Website: www.aastocks.com |
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