May 28 – The total area of new homes available for sale in Shanghai has cracked the 10 million m2 mark (or 68,979 units), according to China Real Estate Information Corp (Nasdaq: CRIC). It will probably take more than 14 months to sell them, CRIC predicted.
May 25 – New home sales in China's 10 regional centers totaled 56,513 units in the first three weeks of May, up 22.6% from the same period a month earlier, according to Homelink.com.cn.
May 25 – China started building 2.28 million cheap homes for low income earners and finished building 1.5 million such homes in the first four months of 2012, according to the Ministry of Housing and Urban-Rural Development. The government has invested ¥247 billion in public housing programs between January and April.
May 24 – Chinese property developers are suffering from a lack of liquidity as a result of maturing short-term debts and hamstrung financing, ratings agency Moody's warned. It will take time for the situation to get better, Moody's added.
May 23 – New home sales in Shanghai totaled 146,000m2 at an average price of ¥21,277/m2 in the week through May 20, 2012, down 27.2% and 2.1% respectively from the previous week, according to Ehousee.com and Youwin.com.cn.
May 22 – New home sales in Shenzhen totaled 73,400m2 at an average price of ¥19,982/m2 in the week through May 20, 2012, down 19.2% and 10.6% respectively from the previous week, according to the local land resources administration.
$1 = ¥6.32