December 27 – Home sales in Shanghai totaled 136,000m2 at an average price of ¥22,893/m2 in the week through December 25, 2011, down 8.7% and up 20.9% respectively from the previous week, according to

December 27 – Home prices fell from a year earlier in 29 of China's 35 largest cities in the week through December 25, 2011, according to the China Index Academy.

December 27 – Overall property sales in Hangzhou, one of the most expensive cities in China, dropped 23% year on year to 6.28 million m2 in the first 11 months of 2011, where residential property sales were down 23.3% to 5.12 million m2, according to the local statistics bureau.

December 26 – As of the end of 2010, China had 66,300 property developers, 30% of which will be driven out of the industry by the end of 2015, according to a report by and, two real estate specialist websites. The number has already been reduced from 87,900 in 2009.

December 26 – Home prices in Beijing will likely drop 10% to 20% in 2012, the city's real estate association predicted.

December 23 – New home sales in downtown Guangzhou's 10 districts totaled 353,600m2 at an average price of ¥13,373/m2 in November, down 27.4% and 3% respectively from a month earlier, according to the local real estate industry watchdog.

December 23 – China plans to start building seven million cheap apartments for low-income earners and complete building four million in 2012, according to the a cabinet meeting.

December 21 – Property sales in Zhejiang totaled 30.69 million m2 valued at ¥308.8 billion between January and November, down 22.9% and 16.4% respectively from the same period a year ago, according to the provincial statistics bureau.

December 21 – New home sales volume in Beijing is expected to slide 23% from 2010 to a 10-year low of 9.5 million m2 this year, according to Centaline Beijing.

December 21 – China's 20 largest property developers secured contracts worth a combined ¥694.37 billion in the first 11 months of 2011, with the top 10 responsible for 75.4% of that amount, statistics show.

December 21 – The value of large property acquisitions in Shanghai jumped 50% to a six-year high of ¥35 billion in 2011, with domestic buyers' spending up 118% to ¥19 billion and foreign buyers' spending up 10% to ¥16 billion, according to real estate adviser DTZ. Checked by government curbs, residential property sales revenue accounted for just 4% of the ¥35 billion, down from 31% in 2010, while the share of revenue from office buildings surged to 78%.

December 20 – The Shanghai government said it will keep in place the limit on the number of homes local residents can own as the current limit is about to expire, echoing the central government's earlier statements.

$1 = ¥6.32

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
@2017 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate