Aug 03, 2012
- Shanghai’s existing housing index rose for the 2nd straight month in July. The index, which tracks price variations of previously occupied homes, climbed 3 points, or 0.12%, from June to 2,582 last month, the Shanghai Existing House Index Office said. It gained 0.16% in June and was unchanged in May after declines for 7 straight months. (Shanghai Daily)
- Housing sales and prices are expected to continue going up in China in the next five years, supported by increasing fundamental demand, although the pace of the price rises could be dampened by government curbs, said a report by the China Index Academy released on Thursday. (China Daily Hong Kong edition)
- Measures to curb property prices have been implemented strictly in Shanghai and proved effective in dampening speculative demand and curbing the cost of homes, an inspection team sent by the State Council said as it concluded its 4 day local trip. (Shanghai Daily)
