• Prices of newly built homes rose by 6.6% from June 2005 to June 2006.

• Housing prices in June 2006 rose by 5.8% over the same period in 2005 in 70 of China‘s largest and medium-sized cities.

• Sales of new apartments dropped 31% in June 2006

• 40% of new properties failed to find buyers and Centaline reported a 40% drop in business.

Source: http://news.xinhuanet.com/english/2006-07/26/content_4879450.htm    

• 30% of 2,000 property developers in Shanghai will quit market before end of 2006

• Real estate prices in 70 large and medium-sized cities in China rose 5.8% in June 2006 compared to June 2005.

Source: http://news.xinhuanet.com/english/2006-07/20/content_4861852.htm    

• China had 121 million sq m of commercial space left unsold and vacant by end of June 2006, up 17.2%.

• 188 new hotels are under construction in China.

Source: Lodging Econometrics, Yahoo 2006-08-04

Sources: http://www.emporis.com/en/wm/co/?id=100030

*building 35 meters and above Source: http://www.emports.com/en/bu/sk/st/ma/ct/co/ci/?id=10030      

• China ’s real estate investment was US $96 billion in first half of 2006, up 24.2% year-on-year.

• Home Buyers are required to contribute 5-12% of their salary to the public housing fund.

• Total Investment in the property sector reached RMB941.1 billion in July 2006.