Biz Scene: Local

Used housing index

Shanghai's second-hand housing index rose in September for the 18th consecutive month as the scant supply of new residences continued to push up prices for the city's used apartments.

The monthly index, released by www.ehomeday.com, a major housing website, jumped to 2,009 in September, an increase of 4.09 percent, a bit slower than the 6.03 percent rise in August. The index tracks prices for used apartments across the city.

Used apartments in Huangpu District took the lead with a growth rate of 6.52 percent, followed by Minhang and Zhabei districts.

(China Daily 10/17/2007 page15)