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China: Demand to keep mainland property market buoyant, say bank analysts

Posted on 23 January 2013

Resilient end-user demand will continue to support mainland property market sales this year, after a rise in both sales volumes and prices in 2012, according to analysts. Home prices, especially in major cities, could be pushed higher as inventory stocks drop, which might trigger expectations for further policy measures to regulate the market, the analysts said.
Data from investment bank Nomura’s equity research team showed that the aggregate value of sales of private properties increased by 10 per cent year-on-year in 2012, and by 1.8 per cent in terms of gross floor area sold. Home prices rose 8.1 per cent year-on-year………………………………………..Full Article: Source


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