September 11 – China started building 5.6 million cheap homes for low income earners and finished building 3.56 million such homes in the first 8 months of 2013, according to the Ministry of Housing and Urban-Rural Development. China plans to start building 6.3 million and finish building 4.7 million such homes in 2013.
September 10 – Investment in China's real estate market rose 19.3 % year on year to 5.21 trillion yuan in the first 8 months of 2013, where investment in residential space was up 19.2% to 3.57 trillion yuan, the National Bureau of Statistics said. Overall property sales volume was up 23.4% to 708.42 million square meters, where residential space sales volume was up 24.4% to 634.07 million square meters. Overall property sales revenue was up 34.4% to 4.57 trillion yuan, where revenue from residential space sales was up 35.7% to 3.85 trillion yuan.
September 10 – Property sales in the 8 key cities tracked by JPMorgan averaged 2,405 units per day in the week through September 8, down 17% week on week and down 5% year on year. The weekly decline was due to weaker sales in Guangzhou, Hangzhou and Tianjin. JPMorgan expected the market to pick up in the coming weeks as more new projects will be released.
September 10 – Land supply and transaction volumes rose in 20 major Chinese cities in the week through September 8, according to the China Index Academy. 120 blocks were offered in the 20 cities, an increase of 8 from the week before. 104 blocks covering 5.47 million square meters were sold, a decrease of 4 blocks and an increase of 1.68 million square meters respectively from the week before.
September 9 – China's consumer price index for housing rose 2.6% year on year in August, with rents up 4.4%, the 44th month of rise in a row, according to the National Bureau of Statistics.
September 9 – Property prices in China will rise 7% in 2013 and rise another 5-7% in 2014, fueled by rapid urbanization, UBS predicted in a research report.
September 6 – The Ministry of Housing and Urban-Rural Development convened a meeting with officials of 7 tier-2 cities, including Nanjing and Zhengzhou, and called for protecting inelastic demand and suppressing speculative investment in their property market. Home prices had been rising fast in the 7 cities.
September 5 – Proceeds from land auctions in Shanghai has totaled 133.87 billion yuan so far in the year, exceeding the 87.5 billion yuan recorded for full year 2012, according to the local land authority.
September 5 – Gross land floor area auctioned in China's largest 10 cities totaled 24.9 million square meters in August, down 0.8% from the same period of last year, E-house China R&D Institute said. Land prices averaged 3,259 yuan/square meter in August, down 6.2% from a month earlier and up 151% from a year earlier. It was the 11th consecutive month of year on year increase. Average land transaction price in tier-1 cities was 5,335 yuan/square meter in August, down 24.1% from a month earlier and up 198% from a year earlier. Average land transaction price in tier-2 cities was 1,858 yuan/square meter in August, down 1.9% from a month earlier and up 67.4% from a year earlier.
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