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CRIC Daily Summary

Daily, Shanghai
Daily news and Commentary on the Chinese Real Estate sector
 

New home sales in Beijing hit 2012 high

Jun 01, 2012
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- By the end of May, new home sales in Beiing have kept its upward trend momentum for a fourth month in a row with new commodity housing sales exceeding 8,000 units for the first time since February 2011 when purchase restrictions were implemented in the Beijing market.

- Judging from the strong sales volume in May, new home sales in Beijing have bottomed out and been improving gradually and the market seems to have stopped waiting.

Beijing News