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Insatiable demand for high-end homes in Shanghai sparks hopes of a broader market recovery

SCMP LogoSCMP1d ago

Insatiable demand for high-end homes in Shanghai sparks hopes of a broader market recovery - SCMP

Quick Summary:

While prices of upscale units in Shanghai rose 5 per cent quarter on quarter, overall market prices fell 4 per cent year on year in March.

The Hong Kong-listed developer launched 158 units priced from 40 million yuan to 170 million yuan, which were snapped up within 24 hours, bringing in more than 9.2 billion yuan.

High-end homes in Shanghai are selling out quickly, fuelling hopes of a recovery in the city’s property sector, as wealthy individuals bet on a continuing rise in prices.

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Insatiable demand for high-end homes in Shanghai sparks hopes of a broader market recovery - SCMP (Picture 1)

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-14 @ 08:30:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 217 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27853483

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 11 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 5 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Insatiable demand for high-end homes in Shanghai sparks hopes of a broader market recovery" was covered 1 days ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 11 news stories per day.

It's most recent story was published 5 hours ago.

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  • News ID: #27853483
  • URL: https://beamstart.com/news/insatiable-demand-for-high-end-17445953392147

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