Date
20 October 2017

Shanghai land supply set to rebound in November, paper says

Shanghai is set to release 20 land parcels covering 818,000 square meters for auction in November, up 73 percent from the previous month, Shanghai Daily said on Monday, citing the latest report of real estate website operator Soufun.com. “Following a softer land market in October, the city is going to see a significant pickup in supply this month,” Soufun analyst Li Zongzhou was quoted as saying. Six plots covering 278,000 square meters have been designated solely for residential development, up from just one parcel, or 5,600 square meters, in October, the report said.

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