Shenzhen New Home Sales and Prices Steady in March, Existing Home Sales Surge

Shenzhen new home prices were stable in March, but volume touched 2009 lows. Existing home sales doubled from February.

Shenzhen City Planning and Land Resources Committee released on April 1 data show that in March the city’s new house turnover 803 sets, the average transaction price of 54,730 yuan / square meter, the chain on average Down 0.1%. Industry insiders said that with the recent increase in sales, is expected to increase the volume of the future, but the price level will remain stable.

Price follows volume.

According to statistics, Shenzhen in March the city’s new house turnover 803 sets, down 0.1% mtm, down 82.0% yoy; transaction area of ​​80,302 square meters, fell 1.89% mtm, down 82.7% yoy; average transaction price of 54,730 yuan / square meter, down 0.1% mtm, showing a steady trend.

March the city’s existing housing a total turnover of 5510 sets, an increase of 109.6% mtm, down 73.1% yoy; turnover of 47,752 square meters, an increase of 97.3% mtm, down 74.4% yoy.

Since the introduction of real estate regulation and control policy in Shenzhen in October last year, the city’s property market volume and price continued to be in a downward trend. March new house turnover 803 sets, the lowest since 2009; the average price of new homes has fallen for six consecutive months.

iFeng: 3月深圳新房价环比六连跌 成交量刷新2009年来最低位

Author: 罗臻 http://www.investinginchinesestocks.blogspot.com

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