BEIJING, May 30 -- Shanghai's real estate market has seen a drop in both new supply and transactions last week due to strong anticipation that more regulatory policies will be issued by the central government soon.

    Last week saw only 19 new developments launched, compared to 40 projects the previous week.

    Among the 19 new developments, 13 were located in the peripheral area, three were between the Inner Ring Road and the Outer Ring Road and three in the inner city.

    The transactions fell 14.4 percent as potential buyers sat on the fence, again expecting new policies to come out soon.

    Apartment sales fell by 537 units last week from a week ago at an average price of 8,992 yuan (US$1,124) a square meter, slightly down 0.9 percent. The average price of budget homes for relocated residents was 3,244 yuan a square meter. The average price of villa last week hit 12,885 yuan a square meter, up 24.9 percent from the previous week.

    (Source: Shanghai Daily)