China Real Estate Wrap for the Week of 10/22/2010

October 22 – Housing prices in China's first tier cities are likely to fall up to 20% in Q4 2010, predicted the Chinese Academy of Social Sciences.

Source:
http://house.ifeng.com/news/detail_2010_10/22/2859803_0.shtml

October 18 – Home sales in Shanghai totaled 346,000m2 at ¥22,000/m2 ($1 = ¥6.7) in the week ended 17 October 2010, down 23% and up 10% from the previous week, according to CRIC (NASDAQ: CRIC) and Youwin.com.cn.
Source: http://www.yicai.com/news/2010/10/573181.html

October 18 – Overall property sales in Shanghai totaled more than 15 million m2 in the 9 months through September 2010, down 39.8% year on year, according to the local statistics bureau. Home sales dipped 44% to 12.5 million m2 over the period.
Source: http://www.yicai.com/news/2010/10/572945.html

October 18 – New home sales in Shenzhen totaled 507 units at ¥19,275/m2 in the week ended 17 October 2010, down 63.8% and 13.9% respectively from the previous week, according to Worldunion.com.cn.
Source: http://www.yicai.com/news/2010/10/572158.html

October 15 – Home prices in the 70 largest cities grew 9.1% in September 2010 compared to a year ago, according to the National Bureau of Statistics. The rate was 0.2 percentage points slower than in August.
Source: http://www.stats.gov.cn/tjfx/jdfx/t20101015_402676457.htm