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Affected by the Chinese New Year, supply of housing in Shenzhen slowed down in the first two months of 2016; however, supply of saleable residential properties surged by 95.6% y-o-y to 893,124 sq m, this sharp increase being attributable to the fact that price in 2015 was at an absolute low level. High demand from first time buyers and investors resulted in a 24.6% y-o-y increase of total sales volume to 1.12 million sq m, and a 75.4% increase of price to RMB 47,301 (US$7,529) per sq m.
Source : Cushman & Wakefield
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