Shanghai home prices jump 3.6 percent in Feb| MENAFN.COM

Saturday, 10 December 2022 02:01 GMT

Shanghai home prices jump 3.6 percent in Feb

(MENAFN) Home prices in Shanghai, China's major financial hub, climbed 3.6 percent in Feb from the previous month, spreading the 17.5 pct annual gain.

Moreover, residential housing development as a share of economic output tripled in a decade, until government measures to cool the market.

Investors see room for prices to grow due to the demand yet limited supply, while a booming main city in southwest China, was blazing the trail of Shanghai.

In addition, Hong Kong developer proclaimed it sold out a new residential development in north-central Shanghai at a rate of USD 1,140 per square foot.

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