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ROBUST sentiment among home seekers pushed sales of pre-owned homes to more than double in Shanghai in February year on year, market data showed yesterday.
Around 26,000 units of pre-owned houses were sold in the city last month, a year-on-year surge of 167 percent, Shanghai Homelink Real Estate Agency Co said in a report. But on a month-on-month basis, the sales slumped 39.2 percent from January.
“The figure was a historic high for February which is the traditional low season for property sales due to the weeklong Chinese New Year holiday,” said Lu Qilin, director of research at Homelink.
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