China: Real Estate Prices Rose By 0.4% In April3 May, 2011, 12:39. Posted by Zarathustra
Tags: Real Estate
The CREIS 100-city real estate prices indices showed that real estate prices rose by 0.4% in the 100 cities, while prices in top 10 cities rose 0.13%. Out of the 100 cities they recorded, 77 cities recorded prices increases compared to March, while prices dropped 22 of the cities.
This basically confirms the similar picture we are seeing over the past few months or so. The real estate market is cooling down a bit. In terms of transaction volume, certainly, the market is getting much quieter, although prices are staying relatively strong. There have been some significant drop in prices in some of the new launches, but at this moment, they are more of an exception rather than norm.
So on the whole, it’s getting quieter, but nowhere close to a collapse.