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China: Property developer confidence rises despite cooling market

Posted on 12 November 2010

From Peopledaily.com.cn: China’s property developer confidence index rose 0.05 points from September’s 103.52 points in October, the first rebound after six months of decline, while the growth of housing prices is starting to slow down, according to the National Bureau of Statistics.
In October, new home prices in China’s 70 large and medium sized cities rose 0.3 percent month on month, the growth rate was 0.2 percentage points lower than the previous month. The prices in 70 cities climbed 8.6 percent from a year earlier, slower than the 9.1 percent increase in September……………………………………….Full Article: Source


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