DTZ: Prices in Hangzhou’s mass residential market broadly unchanged y-o-y in May.
According to DTZ’s Property Times, values in Hangzhou’s mass residential market stood at CNY22,227/ square metre in May, or marginally more than in than in the same month of 2014. Conversely, the volume of property sold in the eight weeks to 21 June amounted to 1.36mn, or 203% more than in the previous corresponding period. Values in the high end non-serviced apartment market rose by 2.0% in 2Q15 to CNY41,983/ square metre, while values in the high-end villa market increased by 6.3% to CNY32,319/ square metre.
Source : July 2015/DTZ/Hangzhou/RES