New home sales continue momentum

By Cao Qian | August 12, 2015, Wednesday |

Online Edition

NEW home sales market in China continued to gain momentum in the first seven months of this year as buying sentiment remained buoyant, data released today by the National Bureau of Statistics showed.

More than 3.48 trillion yuan (US$541 billion) worth of new residential properties, excluding government-subsidized affordable housing, were sold across the country between January and July, a year-over-year rise of 16.8 percent, the bureau said in a statement on its website. That accelerated from a 12.9-percent gain in the first half and a rise of 5.1 percent registered in the first five months.

By area, 530 million square meters of new houses were sold nationwide during the seven-month period, an increase of 6.9 percent from same period a year earlier. That also speeded up from a 4.5-percent rise in the first six months and a zero percent change recorded between January and May, the bureau's data showed.

"Extremely robust buying momentum was registered in a few major cities such as Shenzhen, Ningbo and Hangzhou, where property sales by value all surged more than 70 percent from same period a year ago, therefore bolstering overall performance in 40 key cities across the country," said Li Jiao, a senior statistician at the bureau. "Meanwhile, residential stood out as the best-performing segment with notable sales growth by both value and volume."

Investment in residential development, meanwhile, accelerated its growth for the first time since 2014. More than 3.53 trillion yuan was invested in housing development across the country in the first seven months of this year, a year-on-year rise of 3 percent. It picked up from a 2.8-percent gain registered in the first half, according to the bureau's data.

Business Real Estate

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

New home sales continue momentum

Email this to your friend