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          BIZCHINA> Top Biz News
          July housing transactions down in first-tier cities
          (chinadaily.com.cn)
          Updated: 2009-08-04 11:35

          The total area of commercial housing transactions in 30 cities dropped four percent month-on-month in July, with monthly transactions in first-tier cities like Beijing, Shanghai, Guangzhou and Shenzhen experiencing a decline that month, the Shanghai Securities News reported today.

          Shanghai had its first monthly transaction decline this year, with a total area of commercial housing transacted dipping 5.37 percent month-on-month to 1.94 million sq m in July, according to the Shanghai-based Uwin Real Estate Information Service Co.

          Related readings:
          July housing transactions down in first-tier cities Public housing in need
          July housing transactions down in first-tier cities Luxury apartments push up housing prices in Shanghai
          July housing transactions down in first-tier cities China's housing market recovers
          July housing transactions down in first-tier cities Housing starts bounce back

          Sales of forward delivery commercial housing in Beijing totaled 10,862 units (excluding 1,972 units of policy-favorite apartments), or 350 units daily -- 9.1 percent lower from the daily sales of 385 units in June, according to statistics released on the city's housing transaction management authority website.

          During the same month, a total of 6,653 units of apartments were sold in Guangzhou in July, a decline of 36 percent compared with the 10,502 units transacted in June. And July transaction volume was almost half that of May, according to statistics released on g4c.laho.gov.cn, a website under the city's real estate transaction supervising agency.

          Meanwhile, purchased areas of newly built commercial housing in Shenzhen fell to 548,300 sq m in July, a decline of 17.4 percent from June, according to statistics from the Shenzhen Bureau of Land Resources and Housing Management.


          (For more biz stories, please visit Industries)

           

           

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