Latest News:  
Beijing   Sunny/Cloudy    29 / 21 ℃  City Forecast

English>>China Business

Housing report notes rise in sales

By Zheng Yangpeng  (China Daily)

14:56, September 05, 2012

Potential homebuyers visit a housing exhibition in Hangzhou, Zhejiang province. Inelastic demand for homes has pushed up sales in some major cities across the country.([Photo/Xinhua)

Guangzhou sees 52% increase in purchases of new residences in May

A sales report for May published by China's largest real estate website has sounded an optimistic note on the country's under-pressure housing market.

The report, released on Tuesday by SouFun Holdings Ltd, suggests that after a long chill in new property sales, the majority of Chinese developers have recorded fresh peaks in May.

The upbeat trend is expected to continue in June, said analysts, but prices are likely to remain largely static, they cautioned.

Sales in 34 out of 40 large cities monitored across the country have seen a month-on-month increase from April to May, according to the SouFun report.

New-build sales in Guangzhou saw the largest rise, at a hefty 52 percent. Large cities such as Beijing, Chengdu and Shenzhen all achieved a growth rate above 30 percent.

【1】 【2】 【3】 【4】

News we recommend:
Amusement parks boost real estate market Survey shows SOE jobs are top choice CNOOC pushes ahead with Nexen acquisition
The Pain of a Pension Deficit Staying on Target More new grads opt for State firms
Treading Lightly for Fast Growth  Questions raised over stores' price war A fertile ground for overseas banks


Leave your comment0 comments

  1. Name


Selections for you

  1. Artillery troop unit in close-to-real-combat drill

  2. Russia celebrates anniversary of 1812 War

  3. Development of China's industrial economy in past decade

  4. Tai Chi: Techniques Still Change Lives

  5. Wedding photos of Lin Dan and Xie Xingfang

  6. Sexy photos of Zhang Xinyu

Most Popular


  1. A lesson learned about attractiveness
  2. Hainan's island idyll needs military guard
  3. Editorial: Non-manufacturing PMI
  4. Territorial clash makes Japan upgrade diplomacy
  5. HK national education controversy highly politicized
  6. Commentary: A special relationship indeed
  7. Chinese firms exposed to malicious IPR allegations
  8. Obama's 'forward agenda' hard to garner support
  9. Vigilant Internet watchdogs deter corrupt officials
  10. Accusations of China's arms exports unfair

What's happening in China

Strict health check-up for air stewardesses

  1. Shanghai to build $3.96 billion drain system
  2. Brawling Chinese force aircraft back to Zurich
  3. Petition calls for end to labor re-education
  4. Alleged GM experiment raises fear for parents
  5. Hospital staff accused of taking kickbacks

China Features

  1. PR veteran: To know China is to know the future
  2. Chinese books gains worldwide popularity
  3. 'City in wonderland’ appears after rain
  4. Chinese investment good for the host nations
  5. Unforgetable images of London Olympics

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture