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Sale of Bay Line sparks Shanghai property market 2008-03-26

Sale of Bay Line sparks Shanghai property market 2008-03-26

Write: Smita [2011-05-20]

Sale of Bay Line sparks Shanghai property market

2008-03-26

Sale of Bay Line sparks Shanghai property market

2008-03-26

Sale of Bay Line sparks Shanghai property market

2008-03-26

On 22 March 2008, 90 residential units in Bay Line Phase I Building #10, 18, 19 and 20 in Shanghai were formally launched for sale. In one single day, transaction of 74 residential units and 74 carpark units were recorded, amounting to sale rate of 82% and transaction volume of approximately 190 million yuan. At current stage when Shanghai property market stayed with a heavy cautious mood, the hot response received made the property a market focus immediately.