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China Confidential - Premium Investment Insight

Update Alerts

Beijing land king defies criticism, falling sales

10 July 2012

Real estate transactions in 18 first- and second-tier cities tracked by China Confidential declined by an average of 25% WoW in the week ended July 8, while home sales in 21 third- and fourth-tier cities fell 28% WoW. This transaction decline followed strong transaction and price growth in June, and there was no immediate explanation for the WoW reversal. However, WoW fluctuations in real-estate transactions are not uncommon, while a record land auction in Beijing on July 10 suggests that developers remain confident that the recent upturn in transactions is likely to last.

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