China Real Estate Wrap for the Week of 3/2/2011

March 2 – The Beijing city government's revenue from land auctions dipped 57% year on year to ¥13.24 billion in January and February combined, said the local land authority.
Source: http://www.yicai.com/news/2011/03/695543.html

March 1 – Home prices in Shenzhen averaged ¥20,588/m2 in February, down 14.9% year on year and up 2.2% month on month, according to the local land authority. Sales volume totaled 152,269m2, up 66.9% year on year and down 56% month on month.
Source: http://www.yicai.com/news/2011/03/695448.html

March 1 – Home prices in China's largest 70 cities ended 9.99% up in 2010, said the National Bureau of Statistics. The average growth for new residential properties in the 70 cities was 13.67%.
Source: http://finance.qq.com/a/20110301/001616.htm

March 1 – Home prices in China's 100 largest cities averaged ¥8,686/m2 in February, up 0.48% from a month earlier, according to China Index Research Institute.
Source: http://cn.reuters.com/article/chinaNews/idCNCHINA-3879620110301

March 1 – New home sales totaled 758 units at ¥13,667/m2 in Beijing in the week ended 27 February 2011, both approximately halving from the previous week, according to the local land authority.
Source: http://finance.qq.com/a/20110301/001127.htm

February 28 – New home prices averaged ¥19,450/m2 in Shenzhen in February, up 2.38% from the previous month, according to Centaline.com.cn.
Source: http://www.yicai.com/news/2011/02/694300.html

February 28 – Shanghai plans to start building 15 million m2 of public housing projects and supply 11.5 million m2 in 2011, said the local government.
Source: http://www.yicai.com/news/2011/02/694257.html

February 25 – China's real estate sector will need 405 million tons of steel in 2015, predicted the China Iron & Steel Association.
Source: http://finance.qq.com/a/20110225/000362.htm

February 24 – China's largest five banks suspended discounts on the benchmark interest rate for mortgage loans to first time home buyers in Beijing.
Source: http://finance.qq.com/a/20110224/000415.htm