Shanghai leaflets printing new home sales jump on stimulus plan
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Shanghai new home sales jump on stimulus planPublished: 05 Dec 2008 02:14:58 PSTDec. 5, 2008 (China Knowledge) – Sales of new homes, excluding those designated for relocation, rose significantly in Shanghai in November partly due to the recent loosening of criteria for housing.The increase is 47% and 36% higher than those in September and October respectively, according to statistics released by the local government on Wednesday at its biweekly press conference.Meanwhile, sales of existing homes also increased last month, up 75% and 68% respectively from September and October, the city’s real estate trade monitoring center said. The revised-version housing criteria enable more home-buyers to enjoy preferential mortgage policies, according to the government spokesman Chen Qiwei.Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newspassenger elevator lithium batteries aion rmt Aloe vera アトランティカ rmt