Shanghai land sales decline sharply

Shanghai Residential Land Prices Plunge 39.5%
Residential land transactions in Shanghai totaled 4.82 million square meters in 2011, down 16.97 percent year-on-year. Transaction value fell 39.54 percent to 47.04 billion yuan.
Premiums on land sales collapsed. Developers were paying average premiums of 100% in 2010; in 2011 the average premium was 40%. The highest value land sold this year, as priced per square meter, fell 60% from 2010's peak.

No comments:

Post a Comment