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Shanghai's Luxury House Transactions Up In August
The transaction volume of luxury residential homes with a single-unit value over 10 million yuan in Shanghai was 105 units for the first 29 days of August, up 70 percent from July’s monthly volume of 66 units, reports Caing.com, citing statistics published by the China Real Estate Information Corporation.
There are currently 83 luxury property projects with a single unit value over 10 million yuan in Shanghai, including 25 apartment projects and 58 villa projects.
Among the 83 luxury property projects, 30 projects recorded transactions in August, while 53 projects reported no transactions for the month.
Nearly 20 luxury property projects with a single unit value over 10 million yuan will go on the market in September and October in Shanghai.
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