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China property transactions rebound in week

  • Published 14 Feb 2012

Property transactions in a selection of 18 first and second tier cities tracked by China Confidential increased by an average of 53% in the week ended February 12th, compared with a week earlier. Sales in lower tier cities jumped by an average of 40%, compared with the week prior. But in spite of the WoW increase in sales, sentiment toward the property sector remains subdued after Beijing stamped out an attempt by a local government to boost real estate sales.

The uptick in WoW transactions appears to have been largely the result of a return to normal momentum following the lull caused by Chinese New Year. Sales in Beijing, Shanghai, and Guangzhou picked up 86%WoW, 71%WoW, and 42%WoW respectively. In Shenzhen, Hefei, and Suzhou, transactions increased by more than 100% WoW. For lower tier cities, the sales numbers jumped by 40%WoW.

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China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.

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