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Home trading in Beijing(0) During the first six days of the National Day holidays period, the sales of future delivery residential apartments in Beijing reached 472 units, compared with 1,411 units the last year when the property market was sluggish. Industry experts attributed the low transaction volume to the fast rising prices of property in the past few months. Chinese home prices began to pick up from one-year lows starting in February and home buying volumes reached a record high in recent months. Prices of a number of residential projects in Beijing have soared 50 percent since April. Sales of homes during the National Day holidays often signal buyers’ expectations in the fourth quarter, said an industry expert. A lean sales in this period may indicate pessimism sales over the next few months this year, he added. |
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Chinese real estate group will IPO in the United States financing 200 million U.S. dollars(0) China Real Estate Information Group is a subsidiary of Yi Ju China, providing real estate information and consulting services. According to the company’s filings to the U.S. Securities and Exchange Commission briefing, as of June 30 this year, the company owned the real estate information database of 56 Chinese cities and information of 38200 development projects or buildings, and 24200 land to be developed. China Real Estate Information Group plans to merge Sina.com current online real estate business, and Sina will get some of its stakes after the company’s IPO. In first half of 2009, China’s real estate information Group’s revenue grew by 61.8% to 31.2 million U.S. dollars, with a net profit of 11 million U.S. dollars. China Real Estate Information Group plans to issue American Depositary Shares in NASDAQ Global Market under the ticker symbol “CRIC”. The company’s primary underwriters for the IPO are Credit Suisse and UBS. |
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Chinese developers short-term outlook(0) Improved operating conditions have reduced the risk of refinancing, deteriorating financial performances, and tight liquidity among developers, said an S & P analyst. Liquidity pressure on the developers has alleviated partly because more funding channels become available at home and abroad, helping credit profiles of some businesses in the first six months this year, according to the credit assessor. Volatility is expected to continue due to China?s tentative economic recovery, possible policy changes and signs of a property bubble, said an S & P report. Source : Konaxis |
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Property sales decline in july(0) According to the UWIN property transaction system, the floor space of apartments sold in July dipped 5.37 percent over June to 1.04 million sq m. Property developers have slowed down the pace of new projects in the second half after robust sales in the first half, said industry analyst. Property prices in China’s 70 major cities went up 0.8 percent in June, the fourth month-on-month growth in a row this year, according to statistics. The high prices have made most of the prospective buyers wary of making fresh investments. But an industry expert said the fall in transaction volume is still within a normal band, for July was an off-season for the housing market. She predict that with no big shift likely in the macroeconomic policy during the second half, property prices are unlikely to see a big fall as the market is still awash with funds. Source : Konaxis |
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China’s real estate net was launched(0) It is reported that this is the largest professional real estate website covering industry news, data and most types and numbers of reports. It is reported that China’s real estate net was a a new real estate professional website launched by Ke Er Rui China Information Technology Co., Ltd., which is made up from news, data, reports, communities core plates, providing more than 50,000 detailed data on real estate projects and over 20,000 other relevant details of the land in 56 large and medium-sized cities. At the same time, having more than 72 project pictures, involving nearly 30,000 project developers, 100,000 pieces of information, and a variety of research reports of 400,000, and real-time daily content updates. |
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China real estate index system(0) Wenzhou city in Zhejiang Province, enjoyed the highest month-on-month jump of 171.56% in residential property transactions followed by Suzhou, Jiangsu Province and Hangzhou, Zhejiang Province. In April, the price index of residential properties in Shanghai slightly increased by 0.32% month on month, while in Guangzhou the figure increased 0.25% and in Shenzhen, it climbed 1.39%. Residential property prices declined 4% year on year last month, while rents for residential properties grew 1.2% compared with the corresponding period of last year, sources said. Meanwhile, Greentown China Holdings Ltd., a residential property development company, announced yesterday that its sales revenue was RMB 10.06 billion as of May 10, sources reported, citing Cao Zhounan, executive general manager. In the first four months of this year, the firm started construction on 15 properties with a total area of 770,000 square meters (sq m), 14% more than originally planned and 38% more than in the corresponding period of last year. Greentown?s recorded contracted sales revenue of RMB 2.58 billion in the first quarter of this year, was a year-on-year jump of 84%. Contracted sales area totaled 275,000 sq m, soaring 125% year on year. Cao added that the enterprise targets RMB 20 to 25 billion in sales revenue in 2009. This year, Greentown also plans to start construction on properties totaling 2.8 million sq m in area and to complete construction of properties totaling 1.89 million sq m in area. The firm will sell 48 real estate projects in more than 20 cities in China. As of December last year, Greentown?s debt ratio was 140%, which is under control, according to Song Weiping, executive chairman of the board. Source : Konaxis |
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Number of Real Estate Websites in China(0) The recovery of the China Internet economy has resulted in the rise of vertical real estate website amount. From 2004 to 2005, the real estate achieved rapid growth in China. Accordingly, the number of real estate websites increased rapidly. The number of real estate websites in China reached up to 240 in 2005. Learn more about online banking industry in China please read iResearch China Real Estate Website Research Report 2006. |
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2006 China Real Estate Website Research Report(0) Page 3¡ª¡ªI. Background |
