{"id":733590,"date":"2010-05-26T01:45:00","date_gmt":"2010-05-26T05:45:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/shanghai-property-prices-fall-2010-5"},"modified":"2010-05-26T01:45:00","modified_gmt":"2010-05-26T05:45:00","slug":"shanghai-property-prices-collapse","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/733590","title":{"rendered":"Shanghai Property Prices Collapse"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"float_right\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4bfcb31e7f8b9ac146b60100-400-\/china-collapse.jpg?w=400\" border=\"0\" alt=\"China Collapse\"  \/><\/p>\n<p>Shanghai new residential housing prices are reported to have fallen by 16% week on week for the period ending May 23rd, to 19,204 yuan per square meter.<\/p>\n<p>We won&#8217;t even attempt to annualize that percentage, but clearly it&#8217;s a sharp drop if representative of the trend to come.<\/p>\n<p>This is based on data from Youwin System and 1lszp.com via Capital Vue:<\/p>\n<p><a href=\"http:\/\/www.capitalvue.com\/\">Capital Vue:<\/a><\/p>\n<p style=\"padding-left: 30px;\">Transaction area rebounded 27 percent week-on-week to 76,000 square meters.<\/p>\n<p style=\"padding-left: 30px;\">Total transaction volume in Shanghai increased 36.06 percent week-on-week to 1,981 units, according to statistics from Midland Realty Research Department.<\/p>\n<p style=\"padding-left: 30px;\">New supply of housing available for sale decreased 23 percent week-on-week to 158,600 square meters.<\/p>\n<p>Perhaps this is why the government appears* to have become gun-shy in regards to further tightening vs. the housing market.<\/p>\n<p>*If reports about <a href=\"http:\/\/www.businessinsider.com\/china-property-bubble-tax-2010-5\">no second home taxes<\/a> are correct.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/shanghai-property-prices-fall-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/EtHNn3bEmtk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shanghai new residential housing prices are reported to have fallen by 16% week on week for the period ending May 23rd, to 19,204 yuan per square meter. We won&#8217;t even attempt to annualize that percentage, but clearly it&#8217;s a sharp drop if representative of the trend to come. This is based on data from Youwin [&hellip;]<\/p>\n","protected":false},"author":4069,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-733590","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-34Q6","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/733590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/4069"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=733590"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/733590\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=733590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=733590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=733590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}