May 21 – China started building 2.28 million cheap apartments for low income earners in the first four months of 2012, the Ministry of Housing and Urban-Rural Development said. The nation plans to start building seven million and finish building five million such apartments this year.
May 18 – China's home prices declined in April from a year earlier in a record 46 of the 70 largest cities after the government said it would keep the restrictions to curb speculation in the hectic market.
May 17 – Rents of Grade A office space in Shanghai and Beijing rose 5.7% and 4.5% respectively in April from the previous month, according to Centaline Group, a Chinese real estate service provider.
May 16 – China plans to allocate 172,600ha of land for residential development this year, down 21% from last year, the Ministry of Land and Resources said.
May 16 – Property sales in Shanghai declined 15.9% year on year to 4.43 million m2 in the first four months of 2012, according to the city's statistics bureau.
May 15 – New home sales in Shanghai totaled 200,800m2 at an average price of ¥21,700/m2 in the week through May 13, 2012, up 31.1% and 5.3% respectively from the previous week, according to joint data from Ehouse.cn and Youwin.com.cn.
May 15 – New home sales in Shenzhen totaled 62,000m2 at an average price of ¥18,066/m2 in the week through May 13, 2012, up 65.2% and 11.8% respectively from the previous week, according to the local land resources administration.
May 15 – New home sales in Beijing totaled 2,077 units at an average price of ¥20,247/m2 in the week through May 13, 2012, up 63.8% and 9.9% respectively from the previous week, according to the local housing and urban-rural development authority.
$1 = ¥6.32