Related News
Home » Business » Real Estate
New home sales extend momentum despite deceleration
By Cherry Cao |
July 15, 2013, Monday
|
Online Edition
Online Edition
NEW home buying in China extended its momentum in the first six months of this year despite a continuously decelerating pace, according to data released today by the National Bureau of Statistics.
Sales of new residential properties, excluding government-funded affordable housing, advanced 46 percent to 2.82 trillion yuan (US$456 billion) between January and June, the bureau said on its website.
That compared to the 56.8 percent annual growth between January and May and the 65.2 percent gain registered in the first four months.
By volume, new home purchases climbed 30 percent to 460.9 million square meters during the first half, also slowing from the 37.6 percent rise in the first five months and the 41 percent growth recorded in the January-April period, according to the bureau.
Based on the differences between the bureau's data for the first half and the first five months of this year, new home sales in June jumped 31 percent from May to 109.2 million square meters, while by value, they rose 24 percent to 624.4 billion yuan.
Investment in housing projects, meanwhile, increased 20.8 percent year on year to 2.52 trillion yuan in the first six months of this year, little changed from the pace in the first five months, according to the bureau.
Sales of new residential properties, excluding government-funded affordable housing, advanced 46 percent to 2.82 trillion yuan (US$456 billion) between January and June, the bureau said on its website.
That compared to the 56.8 percent annual growth between January and May and the 65.2 percent gain registered in the first four months.
By volume, new home purchases climbed 30 percent to 460.9 million square meters during the first half, also slowing from the 37.6 percent rise in the first five months and the 41 percent growth recorded in the January-April period, according to the bureau.
Based on the differences between the bureau's data for the first half and the first five months of this year, new home sales in June jumped 31 percent from May to 109.2 million square meters, while by value, they rose 24 percent to 624.4 billion yuan.
Investment in housing projects, meanwhile, increased 20.8 percent year on year to 2.52 trillion yuan in the first six months of this year, little changed from the pace in the first five months, according to the bureau.
- 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
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
