Housing prices, transaction volume and supply began rising in Shanghai last week, indicating that the city's property market entered a "busy season."

Average prices of residences, including apartments, villas and budget houses, grew 8.6 percent from a week earlier to 8,179 yuan (US$1,033) per square meter, with the transaction volume up 19.9 percent to 4,090 units.

Apartment price rose 4.3 percent to 9,166 yuan per square meter in the period, after the transaction volume climbed 27 percent to 2,730 units.

The sale of residences inside the Inner Ring Road was still active last week, with the average price rising 9.2 percent and the transaction volume surging 39.7 percent. The average price of residences between the Inner Ring Road and the Outer Ring Road slightly rose 1.1 percent, with the sales volume increasing by 26 percent.

The price of residences outside the Outer Ring Road dropped 4 percent in the period, and the sales volume increased by 22.5 percent.

Villa sales boomed last week, with the transaction volume climbing 43.3 percent to 193 units, and the average price up 4.5 percent to 12,406 yuan per square meter.

Developers promoted 3,196 new properties last week, including residences and commercial spaces, up 825 units from a week earlier.

The average price of new properties rose 11.8 percent to 8,229 yuan per square meter, with the transaction volume up 10.5 percent.

Source:佚名