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China Daily | Updated: 2014-07-15 06:57
New, used home prices still on rise in Shanghai
Shanghai remains an attractive option for investors and homebuyers despite indications that the real estate market is slumping, sources said. Average prices of both new and used homes continued to rise in the second quarter, with prices of new homes hitting 26,600 yuan ($4,285) per square meter, up 3.5 percent quarter-on-quarter. The average price of used homes jumped to a new high of 21,000 yuan per sq m, according to UK-based real estate consultancy Savills Plc.
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