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New house sales surge in major Chinese cities

Posted on 16 January 2013

New house sales have surged in major Chinese cities in recent weeks, as consumers expect prices to rise further in future, according to new industry figures. The number of newly-built housing units sold in 54 major Chinese cities soared 103 percent year on year in the first 13 days of 2013, reaching 104,800 units, figures from the Hong Kong-based real estate agency Centaline Group showed.
During the first two weeks of the year, more than 90 percent of 40 major cities monitored by the China Index Academy posted larger housing transaction volumes than a year earlier………………………………………..Full Article: Source


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