Bloomberg News

Shanghai New Home Sales Fall 40% While Prices Rise, Uwin Says

October 10, 2011

Oct. 10 (Bloomberg) -- Shanghai’s new home sales fell 40 percent to 85,400 square meters in the week ended Oct. 9 from the previous week, property consultant Shanghai UWin Real Estate Information Services Co. said today.

The average price rose 4.3 percent to 22,777 yuan per square meter, the real estate data company said in an e-mailed statement.

To contact the editor responsible for this story: Stephanie Wong at swong139@bloomberg.net


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