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January 17 – Investment in China's real estate market rose 27.9% to ¥6.17 trillion in 2011, where investment in residential space was up 30.2% to ¥4.43 trillion, according to the National Bureau of Statistics. Overall property sales were up 4.9% to 1.1 billion m2, where sales of residential space was up 3.9% to 970.3 million m2. Overall property sales revenue was up 12.1% to ¥5.91 trillion, where revenue from residential space was up 10.2% to ¥4.86 trillion. There were ¥2.72 trillion worth of properties available for sale as of the end of 2011, including ¥1.68 trillion worth of residential space, up 26.1% and 35.8% respectively from a year earlier.
http://www.stats.gov.cn/tjfx/jdfx/t20120117_402779481.htm
January 17 – New home sales in Shanghai totaled 69,300m2 at an average price of ¥23,320/m2 in the week through January 15, 2012, down 19.6% and up 19.2% respectively from the previous week, according to Youwin.com.cn.
http://house.china.com.cn/shanghai/view/480456.htm
January 16 – Prices of land for residential development in China's major cities rose 6.6% year on year in Q4 2011 but remained unchanged from the previous quarter, according to the Ministry of Land and Resources.
http://estate.caijing.com.cn/2012-01-16/111619565.html
January 13 – New home prices in Shenzhen dropped 3% to ¥19,469/m2 on average in 2011, according to the city's real estate database.
http://www.yicai.com/news/2012/01/1343892.html
January 12 – New home prices in Nanjing, Jiangsu's provincial capital, edged up 2.1% to ¥11,200/m2 on average in 2011, according to the local housing and urban-rural development authority.
http://finance.qq.com/a/20120111/003455.htm
January 11 – Rentals of Grade A offices in Beijing grew 14% in 2011, according to Jones Lang LaSalle Inc (NYSE: JLL).
http://www.yicai.com/news/2012/01/1337596.html
January 11 – New home prices in Shanghai averaged ¥22,432/m2 or ¥2.58 million per residence in 2011, slightly down from 2010, according to China Real Estate Corp (NASDAQ: CRIC).
http://sh.sina.com.cn/news/f/2012-01-11/0812205559.html
January 10 – Home sales in Shenzhen totaled 52,900m2 at an average price of ¥15,930/m2 in the week through January 8, 2012, down 43.6% and 0.1% respectively from the previous week, according to the local land resource administration.
http://www.yicai.com/news/2012/01/1333997.html
January 10 – China will probably ease property curbs by mid year to prevent a housing market collapse as the measures may boost supply to the highest level in a decade, Bloomberg reported, citing UBS AG. "The gap between supply and demand will reach a peak, and the supply will be 1.5 or even 1.6 times demand, and it will be a disaster for developers," said Chen Li, head of China equity strategy at UBS. "Their cash flow will be exhausted to zero by the end of 2012 if they cannot get any financing."
http://www.bloomberg.com/news/2012-01-10/china-may-ease-property-curbs-this-year-to-prevent-collapse-ubs-says.html
$1 = ¥6.33
@2011 China Economy @ The China Perspective.
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