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China Confidential - Premium Investment Insight

Update Alerts

Strong November for Chinese home sales

29 November 2012

The Chinese housing market looks to have returned to strong growth in November. By 25 November, average daily sales in 42 Chinese cities monitored by China Confidential had risen 16% from the corresponding period last month. This rebound has been driven by first-tier cities. That and an influx of prime land plots put up for sale by local authorities in these areas, has led to fears that these markets are once again overheating. We believe that local governments are simply being permitted to boost revenue before the year-end and that a frenzied bidding war for premium land will not be permitted by the central government. We think that the underlying trend in the real estate market remains one of solid, but not unbroken, upward momentum, led by owner-occupancy demand. 

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