Shanghai's residential sales volume rose to a yearly high last month, Xinhua news agency reported today.

Last month, the city sold 19,848 apartments, 3,708 more than the previous month; which is over 2.33 million square meters of space, an increase of 538,000 square meters.

The Shanghai Housing Index, a benchmark for the city's new housing prices, continued to rise last month, after the gauge ended an eight-straight-month decline in March.

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