Sales in Shanghai’s pre-owned home market plunged in October as the government’s measures to curb speculation were effective. The city saw about 22,566 units of pre-owned houses change hands in October, a month-on-month plunge of 32.6%, according to Shanghai Centaline Property Consultants Co. These pre-owned homes were sold for CNY36,276 per square meter on average, up 13.1% from September and also the highest monthly level seen so far this year. For the last two months of the year, transactions of pre-owned houses are expected to stay around the current level.