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March 2017 Shanghai Property Monitor


In the end of March, the area of transacted land for building residential properties was 199,340 square meters. The area of transacted land for building commercial properties was 70,392 square meters. The area of transacted land for building industrial properties was 5,442 square meters. There were 4 pieces of land for building commodity residential property and 1 piece of land for building resettlement residential properties. 3 pieces of land for building commodity residential properties are located in Songjiang district and the rest one is located in Chongming district.  Compared with last year, Shanghai land market was relatively cooler in Q1 2017. The average premium rate of Shanghai residential land was 32.5% in Q1 2017 and the average premium rate of Shanghai residential land was 154.2%. The reason could be: first, the government began to control the premium rate. Second, the original total price was higher than before.

Jiashan province is only 20 km away from Shanghai and the direct distance from Shanghai city center is no more than 60 km, which is closer than Lingang new city. The latest average demand price of residential properties in Jiashan is 8,595 yuan per square meter in Jan 2017, which was up 43% y-o-y. However, the demand price of residential properties in Lingang new city is over 30,000 yuan per square meter. In December 2016, Jiashan province regulated that any families who don’t have Jiashan hukou who had already owned one or more properties, they could not buy any first-hand residential properties. The new rule regulated that they even could not buy any second-hand residential properties.

In March 2017, the average supply price of Shanghai residential properties was 50,153 yuan per square meter, down 7.3% m-o-m but up 15.3% y-o-y. The average demand price of Shanghai residential properties was 33,689 yuan per square meter, down 31.3% m-o-m and down 5.8% y-o-y. The transacted floor space of Shanghai residential properties was 1,580,000 square meters , up 68%  m-o-m but down 28.2% y-o-y. In March, several cities upgraded their home-buying policies, but Shanghai’s property market was relatively quiet. In March, Shanghai property market was cool. Although the transaction volume increased in March compared to Feb, the transaction volume decreased by 30% y-o-y. It indicated that buyers began to wait and see what would happen in the future.

Please click the link to read or download the full version of the report:http://www.aquaspacegroup.com/en/upload/files/Mar%20EN(3).pdf