Wan's Claim the China Central Government Will Lead the Property Price Back to Reasonable Price Range

Wan's Claim the China Central Government Will Lead the Property Price Back  to Reasonable Price Range in yesterday web-cast with the Netizen in China. The government introduce a series of action this year trying to control and lead the property market price back to reasonable area. However, the land price in certain first tier city including Shanghai and Beijing, still continues to rise up in the past few months. Most research analyst in the property market claims that the property investment demand and the life-style upgrade demand in China still exist. The buyers in the country do not believe the China Central Government could successfully control the property market price and it would create a support for the property developer to continues rise up their expectation in asking price.

New property market in Shanghai Rebounded

New property market in Shanghai rebounded last week with sales volume and prices both registering double-digit growth from a week earlier.

The average price, meanwhile, rose 10.8 percent to 23,421 yuan (US$3,516) per square meter, the fourth time above the 23,000 yuan per square meter barrier registered over the past five weeks.

Prices of New Home (Real Estate Project in Shanghai) fall 10%

Price of new home (new real estate projects in Shanghai) were sold at about 10 percent cheaper on average last week as developments in outlying areas dominated the Shanghai's best-selling projects.

The average price of new homes, excluding those built for residents under urban redevelopment plans, fell from a week earlier to 21,146 yuan (US$3,175) per square meter across the city, ending its three-week rally during which it stayed above 23,000 yuan per square meter, Shanghai Uwin Real Estate Information Services Co said yesterday.

New home sales, meanwhile, dipped 0.9 percent week-on-week to 229,000 square meters, almost equivalent to the weekly average volume in the past 12 months.

Lu Qilin, a Uwin researcher, said "Medium- to low-end housing projects located beyond the city's Outer Ring Road grabbed the top 10 spots for best selling projects over the past week, our study found that 8 of the 10 projects were sold for an average price of below 20,000 yuan per square meter."

"Developers will probably face pressure amid tightened liquidity," said Song Huiyong, research director at Shanghai Centaline Property Consultants Ltd. "It is unclear how long such moves may affect them."

For more Shanghai Property Market Update, please go to villable.com for info.

Record Land Price in Shanghai

A 74,091-SQUARE-METER land parcel in Zhaoxiang, a famous Shanghai Villa area, Qingpu District of Shanghai yesterday fetched 1.62 billion yuan (US$243 million) - a record for the area by per gross floor area price.

The plot, meant for residences, was sold for more than 21,000 yuan per square meter. That compared to the previous record of 14,500 yuan per square meter which was set in July 2009 by Gemdale Corp.

Trade Pro Investments Ltd acquired the land which was offered at a starting price of 556 million yuan. There was market speculation it is a project company set up by Hutchison Whampoa (0013.HK) but it still remains to be confirmed by the Hong Kong firm.

Analysts said the per GFA price of the plot did exceed market expectations, but the developer may still be able to make a hefty profit because housing prices in Zhaoxiang, a high-end residential community in the city, still have room to rise in the next few years.

Read more Shanghai Property Market Update: http://shanghai.villable.com/market_commentary_list_content-lang2-1749.html

Shanghai Franklin Villa in Pudong - 4 Beds (Unfurnished) Selling at RMB 4.5 Million.

A unit of Franklin Villa in Shanghai, Shanghai villa (shanghai house) is for sale at RMB 4.5 Million. The constructed floor are of the unit is 200 sqm. It has 4 beds and the unit is bare shell (unfurnished). For more info of the selling unit of Franlin Villa, please click here!

Franklin Villa (Phase II) is composed of detached villa and semi- detached villa with American Country Style. Cobblestones near the river edge provide a strong sense of naturalness. Large tracts of green landscaping between the villas make a soft and harmonious atmosphere. Each unit has a private parking lot. Franklin Villa (Phase II) is located on Hunan Road, in Pudong (Nan Hui) District, Shanghai. It is within walking distance to bus stations, restaurants and supermarket. To buy Shanghai Old  House, buy Shanghai Villa, buy Shanghai Apartment, please go to Villable.com for more info.

Franklin Villas (Phase II)
Shanghai Franklin Villa (Phase II)

Welcome to my new Property Investment Blog!

I'm  living in Shanghai now! Shanghai Property price has been doubled in the past few years. From investment point of view, the return is very attractive! Most of the high-end properties in Shanghai are Houses (Shanghai Villa), Luxury Apartment in Shanghai city centre and Old House (Shanghai Historic Villa) in French Concession. Those properties could usually increase up to 5 times over past 10 years.