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Shanghai’s property sales hit two-year high

Posted on 11 April 2013

About 3.1 million square meters of gross floor area were sold in Shanghai’s primary housing market in the first quarter, the highest level in two years.
In the first quarter, the city’s new-home sales remained robust, growing 119 percent year-on-year to reach 3.1 million sq m. The transaction prices of new homes rebounded to an average of 23,300 yuan ($3,762) per sq m in the first quarter, data released by international real estate service provider Savills China showed………………………………………..Full Article: Source

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