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China property surge may be turning
- Published 11 Mar 2010
Contrary to domestic newspaper coverage today, the most telling recent developments in China's real estate sector may not be the recent surge in prices but rather some early signs showing that business may be moderating.
Development land transaction volumes reported by local land reserve bureaus showed a slowing trend in early March compared with January. Developers reported year on year revenue growth rates in the first two months of this year that were still high, but sliding in February from January levels. Lastly, although year on year increases in property prices in February are stark, month on month statistics show a much more modest rise.
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