BIZCHINA / Biz Media Digest
Construction: Supply of new homes doubles
(Shanghai Daily)
Updated: 2006-08-29 15:49
New housing supply more than doubled in the city from a week earlier,
with half coming onto the market on August 18, a date developers believe
will bring good luck to their housing sales.
Thirty three units of 575,000 square meters and 14 units covering 238,000
square meters were launched in the market on August 18.
Transactions, however, remained unchanged as buyers were still digesting
the regulatory measures, such as a rate increase, and intended to observe
the market for a little longer.
(For more biz stories, please visit Industry Updates)
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