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CRIC Daily Summary

Daily, Shanghai
Daily news and Commentary on the Chinese Real Estate sector
 

Shanghai first quarter commodity housing sales dropped 14.8% YoY by GFA

Apr 26, 2012
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- In the first quarter of 2012, Shanghai new commodity housing sales dropped 14.8% YoY by GFA to 3.2 mn sqm, showing downward trend on a monthly basis for twenty-six months in a row.

- The first quarter real estate investment increased 0.7% YoY to a flat RMB48 bn, same as one year ago, accounting for 52.1% of the total fixed assets investment of the city.

Sina