Wednesday, March 10, 2010

Prices Drop 10% in Shanghai

Shanghai Housing Prices Drop 10% in 1st Week March

March 10 (Bloomberg) -- Shanghai’s average housing sale price dropped 10 percent to 18,549 yuan per square meter in the first week of March from the previous week, Shanghai Securities News reported, citing Shenzhen World Union Properties Consultancy Co. Prices for housing in China’s southern city of Shenzhen fell 14 percent to 18,266 yuan per square meter, according to the report.

Posted by ladybear @ 10:27 AM (1157 views)
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2 thoughts on “Prices Drop 10% in Shanghai

  • Martin, The Netherlands says:

    I can only hope that this trend does not continue…

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  • China will suffer a much more significant price adjustment than USA and UK….their housing market is untried, has only ever seen an upward trend, and once the herd mentality kicks in and everyone wants to cash-in quick….expect panic! One to watch over the next few months.

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