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May 14 – Close to 90% of Chinese households own their homes, well above the international average of 60%, according to a report by China's central bank. The value of these homes is more than three times greater on average than the prices at which they bought them.
May 14 – Property sales in Beijing totaled 3.28 million m2 in April down 10.3% from the same month a year ago, according to the city's statistics bureau.
May 11 – Investment in China's real estate market rose 18.7% year on year to ¥1.58 trillion in the first four months of 2012, where investment in residential space was up 13.9% to ¥1.08 trillion, according to the National Bureau of Statistics. Overall property sales were down 13.4% to 215.62 million m2, where residential space was down 14.9% to 1.9 million m2. Overall property sales revenue was down 11.8% to ¥1.24 trillion, where revenue from residential space was down 13.5% to ¥1.03 trillion.
May 11 – China's government raked in a record ¥3.15 trillion from land auctions in 2011, up 14.6% from 2010, the Ministry of Land and Resources said. The growth was much slower than the 57.8% increase seen in 2010. The average price of land in 105 major cities was ¥3,049/m2, and the price for residential blocks averaged ¥4,518/m2.
May 11 – Second-hand home sales in Shanghai totaled 14,000 units at an average price of ¥16,907/m2 in April, down 13.3% and up 2.6% respectively from the previous month, according to Century21.
April 28 – New home sales in Shanghai totaled 406,600m2 at an average price of ¥22,470/m2 in the first 25 days of April, down 26.7% and up 1.4% respectively from the same period in March, according to China Real Estate Information Corp (Nasdaq: CRIC).
April 26 – The 125 publicly traded Chinese property developers that have released their 2011 annual reports had a combined ¥1.33 trillion in debts as of the end of last year, up over 30% from a year earlier, Centaline Group, a leading Chinese real estate agency.
April 25 – New home sales in Shanghai totaled 152,400m2 at an average price of ¥22,575/m2 in the week through April 22, 2012, down 0.2% and up 7.2% respectively from the previous week, according to Youwin.com.cn.
April 24 – New home sales in Shenzhen totaled 65,800m2 at an average price of ¥15,248/m2 in the week through April 22, 2012, down 3.2% and 10.9% respectively from the previous week, according to the local land resource administration.
April 24 – Home sales in Beijing totaled 5,318 units, including 2,590 units new homes, in the week through April 22, 2012, the city's housing and urban–rural development authority said.
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 18 – Home prices fell in March from a year earlier in 38 of 70 cities after the Chinese government's pledge to continue curbing policies weakened demand, the National Bureau of Statistics said. 38 was the most in a month since September 2011.
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.
April 16 – Home sales in Hainan, China's Hawaii, totaled 11,012 units in Q1 2012, down 44.7% from the same period a year ago, according to House.hainan.net.
April 12 – Office rents in Beijing averaged ¥278/month/m2 in Q1 2012, up 12.6% from the previous quarter, according to DTZ China.
April 12 – Some banks in certain cities, including Shanghai, Beijing and Guangzhou, have reinstated the 10% or 15% interest rate discounts for first–home buyers, a person familiar with the matter told the China Securities Journal.
April 11 – New home sales in Guangzhou, Guangdong's provincial capital, totaled 10.88 million m2 at an average price of ¥13,409/m2 in Q1 2012, according to Hopefluent Group Holdings Ltd (HKG: 0733), a real estate agency. No comparison was made to historic data.
April 11 – New home sales in Shenzhen totaled 591,800m2 at an average price of ¥17,000/m2 in Q1 2012, down 18.5% and 15% respectively from the same period a year ago, the local land resources administration said.
April 10 – New home sales in Shanghai totaled 107,000m2 at an average price of ¥21,900/m2 in the week through April 8, 2012, down 50% and up 3.9% respectively from the previous week, according to Youwin.com.cn.
April 9 – New home sales in Shenzhen totaled 48,400m2 at an average price of ¥16,712/m2 in the week through April 8, 2012, down 48.3% and 6.7% respectively from the previous week, according to the local land resource administration.
April 9 – New home sales in Beijing totaled 1.81 million m2 at average price of ¥19,516/m2 in Q1 2012, down 19.6% and 19.4% respectively from a year earlier, according to the city's real estate association.
April 5 – Home rents in Beijing averaged ¥3,550/month in Q1 2012, Home Link said, without offering comparisons.
April 2 – New home sales in Shenzhen totaled 300,000m2 at an average price of ¥17,480/m2 in March, up 76.5% and 78% respectively from the previous month, according to the local land resources administration.
April 2 – New home sales in Beijing totaled 8,085 units at an average price of ¥19,038/m2 in March, up 46.6% and down 12.6% respectively from the same month a year ago, according to the city's construction authority.
April 1 – New home prices of China's 100 biggest cities averaged ¥8,738/m2 in March, slightly up 0.03% from the same month a year ago, according to the China Real Estate Index System. The growth rate was much slower than the 0.93% recorded in February.
April 1 – The government of Hangzhou, Zhejiang's provincial capital, collected ¥5.35 billion from land auctions in Q1 2012, down 68% from Q1 2011, according to the local statistics bureau.
March 30 – The Shanghai government said it plans to offer 1,000ha of land plots for residential development this year, 200ha less than in 2011.
March 30 – The Beijing city government said it plans to offer 5,700ha of land plots including 1,700ha for residential development this year, down 12.3% and 33.3% respectively from the year before.
March 29 – The 48 mainland–listed developers had ¥591 billion worth of unsold properties as of the end of 2011, up 45.8% from a year earlier, according to their annual reports.
March 28 – Investment in China's properties for retail purposes grew 26% to ¥26.5 billion in 2011, according to Jones Lang LaSalle Inc (NYSE: JLL).
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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