Shanghai real estate sales in 2010 fell 39%

 New housing prices rose 7.6%, gains slowed

 financial new network (integrated media) Shanghai last year 39% decline in real estate sales, new residential sales price rose 7.6% Compared to rise 9.4% in 2009, housing prices have to curb the momentum.

in a recent news conference, the Shanghai Municipal Government, Shanghai Municipal Bureau of Statistics chief economist, spokesman Cai Xu beginning with

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I have a question, according to Xinmin, from the chain index, the Shanghai last June to September, new home sales Prices fell 0.8% qoq, 0.3%, 0.4% and 0.4%, annual chain gained 1.3%. Secondary residential monthly same trend with new residential, sales prices rose 7.8% over the previous year. Housing sales price rose momentum slowdown trend.

Shanghai last year an area of 20,555,300 square meters of commercial housing sales, down 39%. According to Cai Xu initial analysis, suggesting that regulation in the context of speeding up, buyers see atmosphere thick, resulting in lower sales.

But last year the Shanghai real estate development and investment continued to show a trend growth rate, investment growth of 35.3%, to 198.068 billion yuan, representing an increase of the amount of the previous two years were 500 million or more. Cai Xu said early this room of Shanghai to increase security and development efforts related to Shanghai in 2010 to complete protection of housing construction investment grew by 72.3% over the previous year, the proportion of affordable housing investment in 2009 increased 13.3% to 16.9%.