August 1 – New home prices in China's 10 largest cities averaged 17,609 yuan/square meter in July, up 1.3% from a month earlier and up 11.1% from a year earlier, according to the China Index Academy. The average price of new homes in the 100 largest cities was 10,347 yuan/square meter, up 0.9% from a month earlier, the 14th straight month of month on month increase.
August 1 – New home prices in Shanghai averaged 24,700 yuan/square meter in Shanghai, up 3% from a month earlier and up 0.3% from a year earlier, according to Century21. New home sales volume totaled 777,000 square meters in July, down 30.9% from a month earlier and down 9.6% from a year earlier. New home supply totaled 796,000 square meters, down 11.2% from a month earlier and up 6.9% from a year earlier.
July 30 – China has granted 6.36 billion yuan for the renovation of ramshackle rural houses, increasing the total grant so far this year to 22.15 billion yuan, Hexun reported. Since the beginning of 2013, 2.66 million rural houses have been renovated using the subsidies.
July 30 – Property sales in China's 41 largest cities rose 8% week on week in the week through July 28, 2013, UBS said in its Morning Expresso Asia report. Average weekly sales in July so far were 4% lower than in the same period of June and down 10% year on year. A number of cities are reportedly experiencing a funding shortage for the housing provident fund (HPF) due to the strong demand of property mortgages in 1H 2013. Tighter HPF mortgages may dampen demand of first home buyers, according to the report.
July 30 – Shenzhen supplied 15,000 units of affordable homes for low-income earners in 1H 2013 and plans to supply another 15,000 in 2H 2013, according to the local housing and construction authority.
July 29 – China's top 10 property developers had purchased over 5 million square meters of land plots valued at 29.3 billion yuan as of July 25, according to data from real estate service provider Centaline Group. Most of the land acquisitions took place in tier-1 and tier-2 cities. Centaline said property developers stepped up acquiring land on the back of supply shortages after rising sales.
July 29 – Home prices in tier-1 and tier-2 cities still have room to increase given inelastic demand and scarce supply, said Li Tie, an official with the National Development and Reform Commission.
July 28 – China's land supply for property development hit a half-year record 82,400 hectares in 1H 2013, up 38.8% from 1H 2012, according to the Ministry of Land and Resources. Proceeds from land auctions surged 77.3% to 1.7 trillion yuan in 1H 2013.
July 26 – 34 listed Chinese property developers raised a total of 90.3 billion yuan from overseas markets in 1H 2013 due to lower interest rates, the Shanghai Securities News reported. That amount was even higher than the 70 billion yuan raised in full year 2012. However, with US quantitative easing tapering, cheaper loans from overseas are coming to an end, which may strain capital supply to Chinese developers.
July 25 – Guangzhou may cap the prices of land plots for residential development at 145% of the starting price, the local land authority said. The price ceiling is believed to help to avoid property bubbles.
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