Jane Chen / Shanghai Daily news

Shanghai's new housing transaction is embarking on a rising track, according to the latest data published yesterday by an online real estate website www.ehomeday.com.cn.
Ehomeday's data cited by today's Youth Daily indicates that 765,000 square meters of new housing spaces were traded last week at an average price of 9,313 yuan (US$1,126) per square meter.
The highstanding price is a result of the active transactions of projects priced between 8,000 and 10,000 yuan, the report analyzed.  About 85 percent, or 650,000 square meters, of the transactions are priced at above 9,000 yuan per square meter.
Districts performed mixedly.
Of the 19 districts in Shanghai, 14 rose in transactions and five fell.  Seven saw price increases while the others dipped.