Bizchina

Weekly Property Data

(chinadaily.com.cn)
Updated: 2010-04-15 17:17

Editor's Note: If there is a market more volatile than the stock market in current China, that must be the property market, and the trend is certainly up, up and up, at least for now. The prices are skyrocketing day by day and records are being broken time and time again, and every new number from the property market can twitch the already vulnerable nerves of potential home buyers. We prepared a set of statistics on the property market this week, and they may indicate the trend in the future.

11.7%

March home price rise

China's property market continued to heat up in March. Home prices in 70 major cities climbed 11.7 percent from a year earlier, the National Bureau of Statistics said in a statement on April 14.

43%

Land transfer revenue surge

China's land transfer revenue jumped 43.2 percent year-on-year in 2009 to hit 1.42 trillion yuan ($208.49 billion), as the nation's property market boomed, the Ministry of Finance said on April 14.

60% or 40% ?

Liu Mingkang, chairman of the CBRC.

Down payment for second home purchase

Media reported the China Banking Regulatory Commission (CBRC) Chairman Liu Mingkang said down payment ratios for second or multiple home purchases will be 60 percent. Then the CBRC said that was a misunderstanding and the second home down payment is still 40 percent. But some analyst suspect the "mistake" might imply a possible policy change.