June 18 – Home prices fell in a record 55 out of China's 70 largest cities in May after developers cut prices to spur sales, according to the National Bureau of Statistics. Separately, an official with the Ministry of Housing and Urban-Rural Development said the central government will keep in place some of its curbs to consolidate the existing effects.
June 14 – Chinese buyers spent $9.1 billion on US properties in 2011, up 24% from the year before, according to the US's National Association of Realtors. $82.5 billion worth of US properties were sold to non-US buyers last year, where 11% were bought by Chinese, the second largest foreign buyer group after Canadians' 24%.
June 13 – China's central bank allowed commercial lenders to offer a 30% discount on mortgage interest rates, up from the current discounts of 10% to 20%, signaling the government is easing curbs on the property sector.
June12 – New home sales in Shanghai totaled 195,200m2 at an average price of ¥22,592/m2 in the week through June 10 2012, down 8.8% and 8% respectively from the previous week, according to joint data from Ehousee.com and Youwin.com.cn.
June12 – New home sales in Shenzhen totaled 1,105 units at an average price of ¥18,573/m2 in the week through June 10 2012, down 24.4% and up 7.2% respectively from the previous week, according to the land resources and planning authority.
June 11 – Home sales in Beijing totaled 4,709 units in the week through June 10 2012, up 6.8% month on month and up 48.3% year on year. The number of new home sold during the week was 2,011.
$1 = ¥6.36