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Home sales in Xiamen plunge 44.7% in first half of year

Updated: 17 Jul 2010
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According to the Xiamen Municipal Government, the sales of commercial residential housing in the first half of this year in Xiamen was 1.257 million square meters, a decrease of 44.7% compared to the same period last year.

 

According to statistics, the total sales of commercial housing in the first half of the year in Xiamen was 2.336 million square meters, a decrease of 23.2% compared to the same period last year. In June the sales were 331,000 square meters, dropping 2.8% compared to May.

 

The sales of commercial residential housing in the first half of this year was 1.257 million square meters. The sales in June was 115,000 square meters, a drop of 8% compared to May.

 

In June, the sales of residential housing in Xiamen’s 4 mainland districts accounted for 72% of the total. Affected by this, the city's average price of commercial housing was 9,453 Yuan / square meter, a drop of 19.1% compared to May.

 

From January to June, Xiamen’s real estate investment reached 20 billion Yuan, an increase of 44.7% compared to the same period last year.

 

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Translated by WOXnews.com

 

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