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June 4 – Home sales in Guangzhou, Guangdong's provincial capital, totaled 9,254 units at an average price of ¥12,100/m2 in May, according to the local online property trading watchdog. The number of homes sold was up 50% from April and up 20% from May 2011; the average price remained unchanged compared to both a month earlier and a year earlier.
http://www.yicai.com/news/2012/06/1782339.html
June 4 – China may relax its property curbs to encourage home purchases as the government seeks to support economic growth, Bloomberg reported, citing Deutsche Bank AG. More "fine-tuning" of real estate tightening measures by local governments is expected because of continued weakness in land sales, Deutsche Bank said in a note to clients.
http://www.bloomberg.com/news/2012-06-04/china-may-relax-property-curbs-to-aid-growth-deutsche-bank-says.html
June 1 – Home prices in China's 10 largest cities averaged ¥15,314/m2 in May, down 3.2% from the month before, according to Soufun Holdings Ltd (NYSE: SFUN), a leading Chinese real estate service provider. The average price in the 100 largest cities was ¥8,684/m2, down 0.3% from April.
http://cn.reuters.com/article/chinaNews/idCNCNE85004R20120601
May 29 – New home sales in Shanghai totaled 185,600m2 at an average price of ¥24,648/m2 in the week through May 27, 2012, up 27% and 16% respectively from the previous week, according to joint data from Ehousee.com and Youwin.com.cn.
http://finance.jrj.com.cn/house/2012/05/29125013299867.shtml
May 29 – New home sales in Shenzhen totaled 103,600m2 at an average price of ¥18,231/m2 in the week through May 27, 2012, up 45.5% and down 8.8% respectively from the previous week, according to Soufun Holdings Ltd (Nasdaq: SFUN).
http://news.wuhan.soufun.com/2012-05-29/7772523.htm
May 29 – New home sales in Beijing totaled 2,834 units in the week through May 27, 2012, up 13.8% from the previous week, according to the local housing and urban-rural development bureau.
http://house.hexun.com/2012-05-29/141904018.html
$1 = ¥6.33
@2011 China Economy @ The China Perspective.
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