Jul 31, 2012
(Shanghai Daily)
Land designated for residential use, excluding government-funded affordable housing, sold for an average RMB5,180 per sq m in Shanghai so far this year, a drop of 30% on an annual basis.
Only 12 residential plots were auctioned between January and July this year, down from 37 during the same period a year earlier.
92%of such land plots, in terms of site area, were located beyond the city's Outer Ring Road, compared with 91% registered in the same period of 2009, 89% in 2010 and 98% 2011.
