The transacted budget houses accounted for 37.4 percent of residences in the period, causing the sales price of residences to drop by 7.1 percent from a week earlier to 7,302 yuan (US$915) per square meter. The sales volume of residences slightly fell by 0.4 percent to 3,617 units.

Sales of apartments, accounting for 52.6 percent of total transacted residences, dropping by 13 percent last week to 1,866 units, and the average price fell 4.3 percent to 8,998 yuan per square meter.

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