Categorized | International

Real Estate News of Chinese Indices

Real Estate News of Chinese Indices
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The Shanghai composite index was observed with a rise of 0.84 percent with 22.84 points on 3rd June and closed with the value of 78.27 billion Yuan at 2,728.02 points. Besides this, the Shenzhen component index was observed with a rise of 1.18 percent with 135.88 points as recorded in the date of 3rd June and closed with the value of 56.89 billion Yuan at 11,642,40 points. This shows that a rise in the index was observed during the first week of June both in Shanghai composite and Shenzhen component which is going to be considered as a better improvement in the condition of real estate and mortgage values.

A survey made by an investment advisory firm CEBM Group shows that the price of the lands of China which were sold out during the first five month of this year fell 5% down and the total amount was calculated as 665.9 billion Yuan whereas the value of residential properties fell 14% down and the price was calculated as 519.3 billion Yuan. As the real estate sector is considered as the most important issue of today’s world therefore an index chart has been prepared to calculate the rise and fall in the value of mortgage in different cities of China. The index value noticed at Shandong Tyan Home is +9.96%, +8.36% noticed in Guoxing Rongda Real Estate, and +8.19% rises in the index value of Xiamen Prosolar Real Estate. It shows that the price will be increasing in the coming few years which is a good symbol of the development in real estate mortgage values.

 

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About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

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