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From:ChinaDaily | 2021-05-06 07:12
Shanghai s new property projects remain popular during May 1-5
Growing enquiries for new home projects in major Chinese cities during the five-day Labor Day holiday are an indication of homebuyers preference for living in the country s top-tier cities, experts said.
Meanwhile, disappearance of speculation on the property market in Shanghai and the stabilized residential market in Beijing have proved that tightening measures are successful in guiding the housing market on a healthy development path, they said.
Regardless of their location, new housing projects in Shanghai remained extremely popular during the holiday. A project in the remote Jiading district, launched a day ahead of the holiday, saw all 360 flats in its first phase sold out by Tuesday afternoon at an average price of 59,000 yuan ($9,113) per square meter, the Shanghai Securities News said in a report.