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June 9 – Investment in China's real estate market rose 18.5% year on year to ¥2.22 trillion in the first five months of 2012, where investment in residential space was up 13.6% to ¥1.61 trillion, according to the National Bureau of Statistics. Overall property sales were down 12.4% to 288.52 million m2, where residential space sales were down 13.5% to 2.56 million m2. Overall property sales revenue was down 9.1% to ¥1.69 trillion, where revenue from residential space was down 10.6% to ¥1.4 trillion. All property sales declines were slower than in the first four months.
http://www.stats.gov.cn/tjfx/jdfx/t20120609_402810975.htm
June 7 – China started building 3.46 million cheap apartments for low income earners and finished building 2.06 million such apartments in the first five months of 2012, the Ministry of Housing and Urban-Rural Development said. The government plans to start building seven million and finish building five million such apartments this year.
http://www.yicai.com/news/2012/06/1794751.html
June 6 – Proceeds from land auctions in China's 10 regional centers totaled ¥13.1 billion in May, down 41% month on month and 50% year on year, according to E-House China Holdings Ltd (NYSE: EJ). Between January and May, land auction proceeds tumbled 58% year on year to ¥92.2 billion.
http://finance.qq.com/a/20120606/001213.htm
June 5 – New home sales in Shanghai totaled 214,300m2 at an average price of ¥24,373/m2 in the week through June 3 2012, up 15.5% and 0.7% respectively from the previous week, according to joint data from Ehousee.com and Youwin.com.cn.
http://sh.sina.com.cn/news/f/2012-06-05/0851219763.html
June 5 – Home sales in Beijing totaled 5,531 units, including 2,287 new homes, in the week through June 3 2012, according to the local online property trading watchdog.
http://house.hexun.com/2012-06-05/142113170.html?fromtool=roll
June 4 – New home sales in Shenzhen totaled 1,461 units at an average price of ¥17,321/m2 in the week through June 3 2012, up 20.5% and down 5% respectively from the previous week, according to the local land resources administration.
http://www.ce.cn/macro/more/201206/05/t20120605_23381866.shtml
$1 = ¥6.37
@2011 China Economy @ The China Perspective.
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