April 23 - China's property developers are loath to buy land plots and are expected to cut prices by up to 20% this year, a Standard Chartered report has found.

April 20 - Property sales in Beijing totaled 2.17 million m2 in Q1 2012, including 1.66 million m2 of residential space, down 18% and 13.4% respectively from a year earlier, according to the city's statistics bureau.

April 18 - Residential land supplies in China sapped 46% year on year to 8,900ha in Q1 2012, according to the Ministry of Land and Resources.

April 17 - New home sales in Shanghai totaled 152,600m2 at an average price of ¥21,069/m2 in the week through April 15, 2012, up 42.2% and down 3.7% respectively from the previous week, according to Youwin.com.cn.

April 17 - New home sales in Beijing totaled 1,851 units at an average price of ¥18,432/m2 in the week through April 15, 2012, up 61.4% and down 5.2% respectively from the previous week, according to the local housing and urban-rural development authority.

April 17 - The Shanghai government will stick with its policies aimed at cooling the property market and is confident home prices will see moderate falls this year, mayor Han Zheng said.

April 17 - The average price of all properties sold in China rose 6.4% year on year to ¥5,497/m2 in March, according to a report by the China International Capital Corp.

$1 = ¥6.3

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.
@2015 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate