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China reports 69% jump in Q1 home sales
By Cherry Cao |
April 15, 2013, Monday
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Online Edition
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THE total value of new homes sold in China in the first quarter surged 69 percent from a year earlier as panic homebuyers rushed to sign contracts before local governments tightened property curbs.
Sales of new homes, excluding government-subsidized affordable housing, totaled 1.2 trillion yuan (US$194 billion) across the country between January and March, the National Bureau of Statistics said today.
By volume, new home sales in the first quarter jumped 41 percent from a year earlier to 189 million square meters.
Meanwhile, investment in housing projects rose 21 percent year on year to 901.3 billion yuan, the bureau added.
Sales of new homes, excluding government-subsidized affordable housing, totaled 1.2 trillion yuan (US$194 billion) across the country between January and March, the National Bureau of Statistics said today.
By volume, new home sales in the first quarter jumped 41 percent from a year earlier to 189 million square meters.
Meanwhile, investment in housing projects rose 21 percent year on year to 901.3 billion yuan, the bureau added.
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