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March 21 - Only 14.1% of respondents had plans to buy a home in the next three months as they bet prices will continue to fall after premier Wen Jiabao reiterated the government curbs, a central bank survey has found. The percentage was the lowest in 13 years.
http://www.yicai.com/news/2012/03/1547853.html
March 20 - New home sales in Shanghai totaled 160,600m2 at an average price of ¥21,791/m2 in the week through March 18, 2012, according to Youwin.com.cn.
http://house.china.com.cn/shanghai/view/493309.htm
March 20 - New home sales in Shenzhen totaled 63,600m2 at an average price of ¥16,901/m2 in the week through March 18, 2012, according to the local land resources administration.
http://www.ce.cn/macro/more/201203/20/t20120320_23172173.shtml
March 19 - The ratio of the median home price to the median household annual income in Shanghai was 30:1 in 2011, the highest in China, followed by around 28:1 in Guangzhou and Beijing, according to a report by Savills China.
http://finance.qq.com/a/20120320/001387.htm
March 18 - Average new home prices in the 70 Chinese cities watched by the government dropped in February for the fifth month in a row as slack sales continued to force developers into cutting prices, the National Bureau of Statistics said. 45 of the 70 cities saw month on month price falls in February, 12 more compared to the previous month.
http://cq.cqnews.net/jjxw/2012-03/19/content_13961409.htm
March 16 - Forty-one of the 60 mainland-listed property developers reported profits, though unaudited, in 2011, according to Wind data.
http://www.yicai.com/news/2012/03/1531328.html
March 14 - Home prices in China are far from being affordable and the government will continue its efforts to keep price gains in check, premier Wen Jiabao said during a press conference at the National People's Congress. However, he admitted that challenges are obvious as demand is still very strong amid rapid industrialization and urbanization.
http://cn.reuters.com/article/chinaNews/idCNCNE82D03T20120314
$1 = ¥6.31
@2011 China Economy @ The China Perspective.
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