+
In the
first working week after the Spring Festival holiday, the housing market
turnover has recovered to the pre-holiday level, but remains generally low.
+
The
China Real Estate Index System monitored 40 cities, in which 36 posted decreases
in weekly average turnover compared to last year. Turnovers in the 15 out of
the 36 cities were reduced by more than 50%. Key housing markets, such as
Beijing and Shanghai, are plagued by weak supply and turnover.
Weekly property transaction normalized in
the week following the Spring Festival, but the destocking cycle was extended
due to the “zero transaction” in the week prior.
No obvious downward trend in property prices
n IMF Lowers China’s Economic Growth Forecast in 2012 to 8.25%
n Premium Income Rose in Property Insurance But Fell in Life Insurance in 2011
n Seven Listed Banks Estimate Net Profit Growth Over 35% in 2011
n Housing Market Turnover Fell in First Working Week
n Sougou’s Q4 Operating Revenue Rises 248% YoY
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