New residential projects supply in Shanghai expected to drop next month

SHANGHAI: Stricter pre-sale requirement on real estate development has reduced new supply, while the latest rein-in policies have curbed market demand in Shanghai, as reported by the Shanghai Daily.

Supply of new residential projects to be released in December are expected to drop by more than 20% from November, according to the Shanghai Daily. Nearly 60% of the new supply being located in Pudong, Baoshan, Jiading and Songjiang.

Around 64 developments, including villas, apartments and some mixed projects are expected to be launched next month, a 22% dip compared to November and a 21% decrease year-on-year.
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