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在线翻译:
szdaily -> Shenzhen
New-home price declines for months
    2018-January-4  08:53    Shenzhen Daily

A TOTAL of 25,820 new homes were sold in Shenzhen last year, while the average transaction price declined for 15 consecutive months, the Shenzhen Economic Daily reported yesterday.

A total of 10,774 new homes were sold in Bao’an District last year, showing a year-on-year decline of 31.2 percent, while 11,597 new homes were sold in Longgang District, down by 24.1 percent compared with that in 2016. A total of 694 new apartments were sold in Futian District last year, doubling the number in 2016.

According to the report, about 30,000 to 50,000 new homes had been sold in Shenzhen each year since 2010, while the number reached its peak of 66,450 in 2010. However, 25,820 new homes were sold in Shenzhen last year, the lowest number in the past eight years and down by 36.2 percent from 2016.

The decline in transactions is partly due to new policies that were introduced by the city government to tame the property market in October 2016. Besides, the growth of mortgage interest rates and the sky-high housing prices in Shenzhen also added to the slump in transactions.

The average transaction price for new homes in Shenzhen has declined for 15 consecutive months, from 61,600 yuan (US$9,486) per square meter in September 2016, to 54,256 yuan per square meter last month.

Statistics from anjuke.com show that 70 percent of the new apartments sold in Shenzhen last year were small-and-medium-sized, meaning less than 90 square meters. Specifically, 52 percent were two-bedroom apartments and 30 percent were three-bedroom apartments.

A total of 27,324 pre-sale apartments were put on the market last year, while 47 percent were two-bedroom apartments and 35 percent were three-bedroom apartments.

According to the report, 73,830 pre-owned apartments were sold in Shenzhen last year, down by 31.4 percent from 2016. As more homebuyers in Shenzhen preferred fully furnished pre-owned apartments last year, the trading volume of pre-owned apartments was 2.9 times greater than the trading volume of new homes.

(Zhang Yang)

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