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Shanghai’s luxury property market thrives while downturn persists in mass housing segment

SCMP LogoSCMP2d ago

Shanghai’s luxury property market thrives while downturn persists in mass housing segment - SCMP

Quick Summary:

More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.

Earlier this month, 158 units at Jinling Residence, priced from 40 million yuan to 170 million yuan, were snapped up within 24 hours, bringing in more than 9.2 billion yuan for the Hong Kong-listed developer.

A worker mops the floor at an exhibition hall against a backdrop of buildings in Shanghai.

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Shanghai’s luxury property market thrives while downturn persists in mass housing segment - 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: 2025-03-30 @ 18:14:17 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 192 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 39 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 27434820

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 31 minutes 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 "Shanghai’s luxury property market thrives while downturn persists in mass housing segment" was covered 2 days ago by SCMP, a news publisher based in Hong Kong.

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The outlet is headquartered in Hong Kong and publishes an average of 12 news stories per day.

It's most recent story was published 31 minutes ago.

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  • News ID: #27434820
  • URL: https://beamstart.com/news/shanghais-luxury-property-market-thrives-174333025

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