Beijing Home Sales Up 60% WoW

Weekly data is volatile, but the pick-up in first-tier sales is evident in Beijing's sales spike. Price increases were very small, but price follows volume.

From the data, the new home market turnover situation is indeed in a steady upswing. According to the Asian high data showed last week (March 16 -3 22 March) 1666 total turnover of the city's commercial housing units, a 61% rise over the previous week; transaction area of ​​151,900 square meters, up 35.5%; the average transaction price for 25,914 yuan / square meter, up 0.86%. This is entered in March to Beijing commercial housing turnover for the third consecutive week of gains, the overall market has picked up momentum, market entry warm-up period.

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