Residential Property
National Bureau of Statistics of China: Housing sales in 70 major cities grows 2.8% in September
2009-10-16
According to the latest data from National Development and Reform Commission and the National Bureau of Statistics of China on 15 September, the price of residential property in 70 major cities has grown 2.8% compared to last month, and the growth rate was 0.8% higher than last month, which has created the highest sales point of the year.
The future trend of real estate policy will undoubtedly become the focus of all parties. Experts believe that policy will become more moderate, although it does not appear to be changing in the near future.
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Nanjing branch of the People's Bank of China: Nearly half of depositors think the price of residential property will continues to rise
2009-10-11
The Nanjing branch of the People's Bank of China, has launched a survey of entrepreneurs, bankers and depositors in Q3 2009. From depositors’ viewpoint, it shows that nearly half of depositors think the price of residential property will continues to rise, including more than 20% depositors who believe that it is currently worth investing in real estate and 30% depositors have already have more than two houses.
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The price of residential property will increase or decline?
2009-09-28
The price of residential property will be at a standstill in the next three months but it will continue to keep increasing next year. In the second half of the year, the government’s attitudes to residential property and the performance of the stock market are the main factors which will have influence on the price of residential property. However, the residential property market will have an adjustment in the second half of the year. In light of the current economic situation, it is unlikely that inflation will rise in the short term as residential property developers expect.
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Both of the price and volumes of residential property transactions decline in Tier I cities in China
2009-09-28
The residential property's traditional sale season is almost half over, but the situation is not hot now. The release of “nationwide of depositors’ survey in 2009 Q3” from the People’s Bank of China, showed that more than 60% of residents think the current price is too high to accept. Meanwhile, the latest data also showed that the performance of the property market in China's major cities are mostly in a downturn and will continue to be weak.
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Housing prices are difficult to maintain at a high level
2009-09-17
Since September, the average price of housing transactions is close to RMB 20000 / m2 in Shanghai, but the volume of transactions is declining. Beijing, Shenzhen and other first-tier cities have such problems as well. In the second half of this year, the property market is expected to face a liquidity problem. If so, the housing prices are difficult to maintain at a high level.
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Weekly data monitoring of Beijing real estate market
2009-09-15
Xu Shaoshi, the president of the Ministry of Land and Resources P.R.C, spoke about the need to study macro-control issues involved in land policy, in particular, taking full advantage of the land. Yun Xiaosu, the vice president, emphasized that government will continue to insist on land policy to favor the people's livelihood in the second half of this year.
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Property transactions were not actively traded
2009-09-14
This past week, property transactions in major cities were not actively traded. Among 10 key cities, Chengdu had the highest growth rate in property transactions, reaching 56.08%, followed by Tianjin and Wuhan with the growth rates of 38.38%, 21.76%. Shenzhen and Hangzhou, had increases of less than 10%. Meanwhile, Nanjing had the largest decrease, reaching 25.76%, followed by Shanghai and Guangzhou, which declined by of 13.68% and 13.39%, respectively.
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