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Uncertainty persists as new home transactions retreat

  • Published 08 Jul 2010

New home transaction volumes fell around 20% in 21 first and second tier cities during the week ending July 7, data from local land bureaus compiled by China Confidential shows. The drop off erased gains made last week (see CC July 1 Update Alert).

Transacted prices remain mixed but are still below peaks this year, perpetuating the standoff between buyers expecting further declines and developers trying to hold firm on current prices.

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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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