Wendy Zhang/ Shanghai Daily news

The government's macro-adjustment policy seems to have taken effect in Shanghai's real estate market, with supply slightly outpacing demand, but housing prices are still increasing, the Youth Post reported today.
Property prices between the city's Inner and Middle Ring Road have seen the largest increase of 6.37 percent in September, with the average price (excluding suburban areas) hitting 9,885 yuan (US$1,191) per square meter at the end of September and expected to top 10,000 yuan by the end of this year.
In the seven suburban districts and counties, including Songjiang, Nanhui, Jiading, Qingpu, Fengxian, Jinshan and Chongming, prices exceeded 5,000 yuan per square meter in September.
In September, a 10 percent increase brought the total number of housing units to 25,103 while 3.0536 million square meters were traded, up nearly 17 percent from a month earlier.
While property prices inside the city Inner Ring Road are unaffordable, those between the Inner and Middle Ring Road have become top considerations for home buyers, said an industry analyst.
Both the city's unsold housing and leasing rates were low, at 2.7 percent and 7.2 percent respectively. Those with more than 110 square meters and located between the Middle and Outer Ring Road had higher unsold rates, especially for villas.