Daily News and Transactions across Greater China from Knight Frank
Easing moves start to thaw housing market
Jul 03, 2012
Property markets across China are showing signs of a definite thaw, as pent-up demand is fanned by widespread speculation about further easing in the government's monetary policy aimed at fuelling the economy, according to China Index Academy.
35 major cities reported year-on-year sales increases, with Lanzhou, capital of Gansu province, hitting a massive 560.25% year-on-year increase between 17 and 24 June. As many as 57,000 apartments in 54 major cities were sold--a weekly record that exceeded 50,000 traded units since 2011.
The turnover in May of four leading Chinese real estate developers exceeded RMB10 billion. The combined turnover in May for the top 15 of China's property developers reached RMB268.6 billion. For many companies, the turnover grew more than 20% last month.
Knight Frank Greater China Property Market News Summary