China Real Estate Monthly Recap

July 24 – New home sales in Shanghai totaled 175,500m2 in floor space at an average price of ¥23,408/m2 ($1 = ¥6.33) in the week through July 22 2012, down 16.8% and 7.9%respectively from the week before, according to joint data from Ehousee.com and Youwin.com.cn.

July 24 – New home sales in Beijing totaled 1,982 units in the week through July 22 2012, down 31.3% from the week before and hitting an 11-month low, according to the local housing and urban-rural development authority.

July 24 – New home sales in Tianjin, a provincial level city in northern China, totaled 215,000m2 in floor space at an average price of ¥9,591/m2 in the week through July 22 2012, up 18% and down 3% respectively from the week before, according to the local land resources and housing management authority.

July 23 – New property sales in Hangzhou, Zhejiang's provincial capital, totaled 4.38 million m2 in 1H 2012, including 3.8 million m2 of residential space, up 25.2% and 29.7% respectively from the same period a year ago, according to the local statistics bureau.

July 23 – Overall property sales in Shanghai totaled 7.94 million m2 in 1H 2012, including 7.03 million m2 of residential space, down 8.8% and 1.2% respectively from 1H 2011, according to the local statistics bureau.

July 20 – Bank loans made to China's property market totaled ¥565.3 billion in 1H 2012, ¥227.1 billion less than in 1H 2011, central banks figures show.

July 20 – China will not relax property controls and ordered local governments to maintain curbs on the market in order to avoid a rebound in prices, according to an "urgent notice" jointly released by the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development.

July 18 – Average new home prices in China remained almost flat from May to June, ending eight straight months of declines, according to figures from the National Bureau of Statistics.

July 18 – New home sales in Beijing totaled 35,000 units at an average price of ¥20,500/m2 in 1H 2012, up 13.7% and down 9.2% respectively from 1H 2011, according to the Beijing Real Estate Association.

July 18 – New and second-hand home sales in Beijing totaled 13,433 units in the first half of July, up 27% from the same period during the previous month, according to the local housing and urban-rural development authority.

July 17 – New home sales in Shanghai totaled 211,000m2 at an average price of ¥25,421/m2 in the week through July 15 2012, up 5.5% and 18% respectively from the week before, according to joint data from Ehousee.com and Youwin.com.cn.

July 17 – New home sales in Shenzhen totaled 737 units in the week through July 15 2012, down 8.2% from the week before, according to the local land resources and planning authority.

July 17 – Home sales in Beijing totaled 6,468 units in the week through July 15 2012, up 2.3% from the week before, according to the local housing and urban-rural development commission. New home sales in the Chinese capital were 2,885 units.

July 17 – Land prices in Guangzhou averaged ¥3,010/m2 in 1H 2012, up 37% from 1H 2011, according to the local land resource authority. The city government sold 620,800m2 of land fetching ¥5.29 billion in 1H 2012.

July 13 – Investment in China's real estate market rose 16.6% year on year to ¥3.06 trillion in 1H 2012, where investment in residential space was up 12% to ¥2.09 trillion, according to the National Bureau of Statistics. Overall property sales were down 10% to 399.64 million m2, where residential space sales were down 11.2% to 3.53 million m2. Overall property sales revenue was down 5.2% to ¥2.33 trillion, where revenue from residential space was down 6.5% to ¥1.93 trillion. All property sales declines were slower than in the first five months.

July 12 – Sales of second-hand homes in Guangzhou totaled 1.72 million m2 at an average price of ¥14,467/m2 in 1H 2012, down 49.8% and up 10.1% respectively from 1H 2011, according to the local land resources and planning administration.

July 11 – New home sales in Shanghai totaled 1.02 million m2 at an average price of ¥24,137/m2 in June, according to China Real Estate Information Corp (Nasdaq: CRIC). The volume was up 29.6% year on year and 26.6% month on month and the price was up 7.5% year on year and 6.7% month on month.

July 11 – Rents of Grade A office buildings in Beijing rose 3.8% quarter on quarter and 27.8% year on year to ¥305.3/m2/month in Q2 2012, according to Savills.

July 10 – As many as 93% of Chinese firms would step up investment in real estate in second and third-tier cities, Taiwan, Hong Kong and Macau in the next three years, according to a survey of 46 state-owned and publicly traded companies by Jones Lang LaSalle Inc (NYSE: JLL). The investment would include purchases of office buildings, shops and plants as well as leasing premises.

July 10 – New home sales in Shanghai totaled 199,900m2 at an average price of ¥24,966/m2 in the week through July 8, 2012, down 43.1% and 2.4% respectively from the week before, according to joint data from Ehousee.com and Youwin.com.cn.

July 10 – New home sales in Shenzhen totaled 803 units at an average price of ¥18,312/m2 in the week through July 8, 2012, up 14.1% and down 5.2% respectively from the week before, according to the local land resources and planning authority.

July 10 – Home sales in Beijing totaled 6,322 units in the week through July 8, 2012, down 25.1% from the week before, according to the local housing and urban-rural development commission. New home sales in the Chinese capital were 3,176 units.

July 9 – China finished building 2.6 million cheap homes for low income earners and invested ¥507 billion beginning building 4.7 million such apartments in 1H 2012, the Ministry of Housing and Urban-Rural Development said.

July 9 – China's home prices and rents rose 1.6% and 2.9% respectively in June from a year earlier, the National Bureau of Statistics said.

July 9 – The Chinese government will keep in place policies aimed at stemming property prices and introduce policies supporting non-speculative purchases in 2H 2012, according to a report released by Soufun Holdings Ltd (Nasdaq: SFUN), a leading Chinese real estate service provider. The new policies are expected to drive up supplies and stabilize home prices.

July 6 – Home sales in Guangzhou, Guangdong's provincial capital, totaled 1.21 million m2 at an average price of ¥13,805/m2 in Q2 2012, up 210% and 3.6% respectively from the quarter before, according to Savills.

July 6 – Combined proceeds from land auctions in Shanghai, Beijing, Guangzhou and Shenzhen, China's top four cities, tumbled 55.3% year on year to ¥44 billion in 1H 2012, according to data from Homelink.com.cn.

July 4 – Home sales in Wuhan, Hubei provincial capital, totaled 12,108 units at an average price of ¥6,334/m2 in June, up 21.2% and 0.5% respectively from the month before, according to the local land resources and planning authority.

July 3 – Home sales in China's 10 regional centers totaled 31.16 million m2 in 1H 2012, down 4% from the same period a year ago, according to E-House China Holdings Ltd (NYSE: EJ).

July 3 – New home sales in Shanghai totaled 351,600m2 at an average price of ¥25,581/m2 in the week through July 1 2012, up 64.7% and 8.6% respectively from the previous week, according to joint data from Ehousee.com and Youwin.com.cn.

July 2 – New home sales in Shenzhen totaled 704 units at an average price of ¥19,319/m2 in the week through July 1 2012, down 5.8% and 2.6% respectively from the previous week, according to the local land resources and planning administration.

July 2 – New home sales in Beijing totaled 3,727 units at an average price of ¥21,137/m2 in the week through July 1 2012, up 10.8% and 0.2% respectively from the previous week, according to the local housing and urban-rural development authority.

July 2 – New home sales in Shanghai totaled 1.02 million m2 at an average price of ¥24,070/m2 in June, according to joint data from Ehousee.com and Youwin.com.cn. The volume was up 26.6% month on month and 30.7% year on year; the price was up 7.2% month on month and 11% respectively year on year.

July 2 – New home prices in China's 10 regional centers averaged ¥15,429/m2 in June, up 0.8% from May, according to Soufun Holdings Ltd (Nasdaq: SFUN), a leading Chinese real estate service providers. The average new home price for the nation's 100 largest cities was ¥8,688/m2 last month, up 0.1% from a month earlier.

July 2 – Proceeds from land auctions in China's 300 largest cities dropped 38% year on year to ¥652.6 billion in 1H 2012, according to Soufun Holdings Ltd. Shanghai saw its revenue from land auctions slump 60% from 1H 2011 to just ¥18.42 billion. Beijing pulled in just ¥14.49 billion, down 55.7% during the same period.

July 2 – New home sales in Guangzhou totaled 8,952 units at an average price of ¥12,625/m2 in June, according to Data.house.163.com. The volume was down 3% month on month and up 25% year on year; the price was up 3.5% month on month and up 10% year on year.

July 1 – Home sales in Beijing totaled 25,602 units in June, up 10.5% month on month and 50.6% year on year, according to the local housing and urban-rural development authority. New home sales in the Chinese capital grew 14.1% month on month and 38.5% year on year to 11,983 units last month, a new high for the year to date.

June 29 – New home prices in Beijing averaged ¥21,001/m2 in June, up 5.2% from the previous month, according to joint data from Homelink.com.cn and Centaline Group.

June 26 – New home sales in Shenzhen totaled 747 units at an average price of ¥19,828/m2 in the week through June 24 2012, down 37.1% and up 2.9% respectively from the previous week, according to the local land resources and planning authority.

June 26 – Home sales in Beijing rose 9.8% week on week to 6,099 units in the week through June 24 2012, according to the local housing and urban-rural development administration. New home sales were up 31.9% from the previous week to 3,311 units.

June 25 – New home sales in Shanghai totaled 213,500m2 at an average price of ¥23,546/m2 in the week through June 24 2012, up 2.7% and up 1.3% respectively from the previous week, according to joint data from Ehousee.com and Youwin.com.cn.

June 19 – New home sales in Shanghai totaled 207,800m2 at an average price of ¥23,250/m2 in the week through June 17 2012, up 6.4% and 3.2% respectively from the previous week, according to joint data from Ehousee.com and Youwin.com.cn.

June 19 – New home sales in Shenzhen totaled 1,187 units at an average price of ¥19,277/m2 in the week through June 17 2012, up 7.4% and 3.8% respectively from the previous week, according to the local land resources and planning authority.

June 19 – Home sales in Beijing totaled 5,555 units in the week through June 17 2012, up 18% week on week, the local housing and urban-rural development administration said. The number of new homes sold during the week was 2,511, up 24.9% from the previous week.