Gucci Go / Shanghai Daily News

The average price of a second-hand apartment in most areas of Shanghai increased slightly, while the number of deals was up in August, Wen Hui Bao reported.

The newly publicized Shanghai Existing Property Index is 1382, up by 1.1 percent.   Regional differences come into play.  City center areas still have advantages.

In the bullish areas, Daning in Zhabei District stands first on the list with a one-month increase of 5.4 percent. The area is benefitting from the soon-to-open extension of Metro Line One.  The statistic shows that people in Shanghai are losing confidence in the housing property development in areas far from the city center.  According to some housing agencies in Xinzhuang Minhang District, the number of deals in August there declined.