Shanghai house sales see declining trend

2008-07-24 Shanghai Housing prices in shanghai have shown signs of decline, with some luxury apartments in the city center seeing decreases in price while potential buyers remain uncertain on the timing of making a purchase. While the price run up in Shanghai has been less severe than that in other cities, all buyers remain cautious. In the second-hand market, sellers now entice buyers with all-inclusive packages, by sweetening the deal with all relevant taxes pre-paid by the seller, said Kenny Ho, head of research at Jones Lang... [read full story]