March 1 – China's February home prices posted the biggest decline in 19 months as the government pledged to maintain curbs on property, Bloomberg reported, citing an email from SouFun Holdings Ltd (NYSE: SFUN). Home prices dropped 0.3% last month from January, SouFun said.
February 28 – New home sales in Shanghai totaled 140,400m2 at an average price of ¥19,490/m2 in the week through February 26, 2012, up 68.3% and down 5.7% respectively from the previous week, according to Youwin.com.cn.
February 28 – New home sales in Shenzhen totaled 54,500m2 at an average price of ¥16,416/m2 in the week through February 26, 2012, up 54.8% and down 0.8% respectively from the previous week, according to the local land resources authority.
February 24 – Government-funded public housing homes will account for 8% to 10% of China's total demand for new homes in 2012, industry experts estimated.
February 23 – China will begin building seven million government-funded homes for low income earners in 2012, taking the total number of such residences under construction to 13 million units throughout the year, the National Bureau of Statistics said.
$1 = ¥6.29
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