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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.
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.
June 7 – China started building 3.46 million affordable apartment units 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.
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.
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.
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.
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.
May 28 – The total area of new homes available for sale in Shanghai has cracked the 10 million m2 mark (or 68,979 units), according to China Real Estate Information Corp (Nasdaq: CRIC). It will probably take more than 14 months to sell them, CRIC predicted.
May 25 – New home sales in China's 10 regional centers totaled 56,513 units in the first three weeks of May, up 22.6% from the same period a month earlier, according to Homelink.com.cn.
May 25 – China started building 2.28 million affordable homes for low income earners and finished building 1.5 million such homes in the first four months of 2012, according to the Ministry of Housing and Urban-Rural Development. The government has invested ¥247 billion in public housing programs between January and April.
May 24 – Chinese property developers are suffering from a lack of liquidity as a result of maturing short-term debts and hamstrung financing, ratings agency Moody's warned. It will take time for the situation to get better, Moody's added.
May 23 – New home sales in Shanghai totaled 146,000m2 at an average price of ¥21,277/m2 in the week through May 20, 2012, down 27.2% and 2.1% respectively from the previous week, according to Ehousee.com and Youwin.com.cn.
May 22 – New home sales in Shenzhen totaled 73,400m2 at an average price of ¥19,982/m2 in the week through May 20, 2012, down 19.2% and 10.6% respectively from the previous week, according to the local land resources administration.
May 21 – China started building 2.28 million affordable apartment units for low income earners in the first four months of 2012, the Ministry of Housing and Urban-Rural Development said. The nation plans to start building seven million and finish building five million such apartments this year.
May 18 – China's home prices declined in April from a year earlier in a record 46 of the 70 largest cities after the government said it would keep the restrictions to curb speculation in the hectic market.
May 17 – Rents of Grade A office space in Shanghai and Beijing rose 5.7% and 4.5% respectively in April from the previous month, according to Centaline Group, a Chinese real estate service provider.
May 16 – China plans to allocate 172,600ha of land for residential development this year, down 21% from last year, the Ministry of Land and Resources said.
May 16 – Property sales in Shanghai declined 15.9% year on year to 4.43 million m2 in the first four months of 2012, according to the city's statistics bureau.
May 15 – New home sales in Shanghai totaled 200,800m2 at an average price of ¥21,700/m2 in the week through May 13, 2012, up 31.1% and 5.3% respectively from the previous week, according to joint data from Ehouse.cn and Youwin.com.cn.
May 15 – New home sales in Shenzhen totaled 62,000m2 at an average price of ¥18,066/m2 in the week through May 13, 2012, up 65.2% and 11.8% respectively from the previous week, according to the local land resources administration.
May 15 – New home sales in Beijing totaled 2,077 units at an average price of ¥20,247/m2 in the week through May 13, 2012, up 63.8% and 9.9% respectively from the previous week, according to the local housing and urban-rural development authority.
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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