DTZ: Prices in Shanghai’s mass residential market up 15.3% y-o-y in May.
According to DTZ’s Property Times, values in Shanghai’s mass residential market stood at CNY31,817 per square metre in May, having risen by 15.3% y-o-y. Values in the high end (non-serviced) apartment and villa markets stood at CNY76,181/ square metre and CNY63,271/square metre respectively. Over the eight weeks to 21 June, there was new supply of about 347,000 square metres of apartment space and just over 100,000 square metres of villa space. All of this was absorbed.
Source : July 2015/DTZ/Shanghai/RES