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New home sales have been picking up for several months, and that trend continued in August, with sales, as measured in square meters, up 13.3 percent year on year, after a 14.5 percent rise in July.
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The sales totaled nearly 460, 000 square meters in October and hit 950, 000 square meters in November 2010.
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Pitney Bowes has 1.4 million postage meters and 34, 000 employees, including a large sales force to keep European competitors Neopost and Francotyp-Postalia from stealing customers.
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During the first 27 days of November, new home sales in Shanghai totaled only 382, 000 square meters, Deovolente data showed.
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At the end of 2012, however, there was about 236 million square meters of home supply on the market, about three times the volume of monthly sales.
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Like many other companies across a wide range of industries, the company is seeing some of it peppiest sales growth in emerging markets as modernization and new building create demand for meters.
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Excluding subsidized housing, housing sales rose 20.7% from a week earlier to 312, 000 square meters in Shanghai alone last week, according to Shanghai Deovolente Realty Co.
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Developers have said these types of customers are driving sales, and that they have been offering smaller units of around 90-110 square meters to cater to them.
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The Shanghai Times reported that sales of new homes rose 36% week-on-week to 169, 000 square meters sold while the supply of new homes rose 76% to 357, 000 square meters during the same period.
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