1. Violet Country Villa
4-6 Rooms, located right next to French & German school
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2. Lakeside Villa
3-7 Rooms, about 300 houses along with excellent facilities
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3. Villa Riviera
4-6 Rooms, newly available in year 2009 with Modern
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4. Rancho Santa Fe
3-6 Rooms, Luxurious Spainsh missionary style villas
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5. Forest Manor
4-6 Rooms, Classic European & Renaissance Mediterranean
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6. Westwood Green
4 Rooms, a perfect balance of nature's inspiration and human ingenuity
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  What's New on the Market?

1. New home sales in Shanghai dive 82%

NEW home sales in Shanghai plunged more than 80 percent last week as the week-long Spring Festival holiday and a prevalent "wait-and-see" attitude curbed buyers' sentiment.

Sales of new homes, excluding those meant for relocated residents under urban redevelopment plans, dived 82 percent from the previous week to 13,000 square meters across the city between February 15 and 21, Shanghai Uwin Real Estate Information Services Co said yesterday.

Average prices, though, remained stable at 19,079 yuan (US$2,793) per square meter, a weekly drop of 4 percent. No supply of new homes was registered during the period.

"Only 21 units of new homes were transacted during the seven-day national holiday (February 13-19), the lowest since 2006 when we started to track the city's property data," said Lu Qilin, a researcher at Uwin. "Most home buyers expect a drop in home prices over the coming months as a result of the government's recent implementation of measures to curb speculation and cool the country's overheated market."

The transaction volume of new homes during the holiday stood at 119 units in 2006, 188 units in 2007, 54 units in 2008 and 79 units in 2009, according to Uwin statistics.

2. Existing home prices outpace new houses

CHINA'S urban property prices gained 1.5 percent last year with existing homes outpacing new ones.

The prices of new houses in 70 major cities on the Chinese mainland climbed 1.3 percent in 2009 while existing homes rose 2.4 percent during the 12-month period, the National Bureau of Statistics has said.

"The year-on-year figure, which was obtained after tracking all kinds of homes, including budget houses, those designated for relocated residents under urban redevelopment plans as well as housing whose prices are curbed, couldn't reflect the exact price increase of homes people can usually buy in the market," said Shao Minghao, research head of Shanghai Hanyu Property Consulting Co. "Moreover, the national statistics, which monitor both major and tertiary cities where gaps in home prices remain huge, do not reflect the real picture of the market."

The slight annual increase in home prices released by the statistics bureau surprised most people who had witnessed at least double-digit price growth over the past year when record lending by domestic banks, coupled with robust buyer sentiment, helped boost the country's real estate market.

In a separate report released by the Shanghai Statistics Bureau, property prices covering all types of real estate in the city rose 8.8 percent in January from a year earlier. In particular, prices of new homes jumped 10.2 percent year on year while existing houses climbed 8.9 percent.

Last year, sales of new homes, excluding those designated for relocated residents under urban redevelopment plans, more than doubled to 17.64 million square meters in Shanghai while average prices jumped 16 percent on an annual basis to 16,188 yuan (US$2,370) per square meter, according to Shanghai Uwin Real Estate Information Services Co.

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Add: Clubhouse of Violet Villa, Lane 258 Gaojing Road, Qingpu District, Shanghai P.R.C 201702
Tel: +86 21 5988 8988      Fax: +86 21 5988 9872