October 10 – Proceeds from land auctions in China's 10 regional centers climbed to a 33-month high of 145.46 billion yuan in September, up 79.2% from a month earlier and up 199.3% from a year earlier, according to E-House Shanghai R&D Institute. Land price averaged 4,553 yuan/square meter in the 10 cities, up 39.7% from a month earlier and up 181.2% from a year earlier. In Q1-Q3, land auction proceeds in the 10 cities added up to 631.93 billion yuan, up 166% from the same period of a year earlier.
October 9 – Supply of land for residential development in Guangzhou surged 229% year on year to 526 hectares in the first 9 months, the local land authority said. The local government plans to offer 595 hectares of residential land plots in 2013.
October 8 – The take up in China's real estate market during the past weeklong National Day holiday was quite strong and sell-through rate was mostly high at 80%, JPMorgan said in its China/Hong Kong Daily Views report, citing major property developers.
October 8 – New home sales in Beijing totaled 783 units during the past weeklong National Day holiday, up 121% from a year earlier, according to the local housing authority. It was the second fastest growth in the same period in 5 years.
October 8 – New home sales in Beijing totaled 13,279 units in September, up 58.4% from a month earlier, according to the local housing authority. The volume was the highest in September – the best month for the property market in China – since 2010. Most of the units were purchased by first-home buyers.
October 7 – Smaller banks in Beijing, Guangzhou, Tianjin, Nanjing and Wuhan have halted mortgage lending, citing insufficient loan quota, according to HKET. However, mortgages are still available at the big 4 state-owned banks.
October 3 – China will have 10,000 shopping malls by 2025, up significantly from 3,100 at present, Inside Retail Asia reported, citing an industry expert. Guo Zengli, director of Mall China which is affiliated to the China Commercial Real Estate Commission, said the boom would be driven by China's growing middle class, which is expected to comprise 93 million households by 2015.
October 2 – Home prices in China's 100 largest cities averaged 10,554 yuan/square meter in September, up 1.17% month on month and up 9.5% year on year, according to the China Index Academy. It was the 16th straight month of year on year growth. The average price of the 10 largest cities was 18,179 yuan/square meter, up 1.7% month on month and up 13.9% year on year.
You are currently reading
total words in this article.
To continue reading this article, you must be a subscriber. Log in now..