2012-04-23

Real estate transactions and prices bounce in mid April; analysts turn pessimistic on 2nd half;

Optimists are again taking hold of some short-term positive data in Beijing. New home sales in the week ended April 20 were up 24.9% from corresponding week in March and 51.8% above year ago levels. Average price rose to ¥18794 per square meter from ¥18263 per sqm. Existing home sales fell 4.2% from March, but rose 7.3% from last year.北京郊区降价盘领跑4月楼市 成交量上升51%

A survey of 20 Chinese and foreign real estate analysts reports that they expect home price declines to reach 10% in the third quarter and that declines in the speculative cities will reach 20-30%. 分析机构认为未来三季度房价将下跌逾10%

Pan Shiyi of SOHO China (0410.HK) said that most developers aren't starving to death, but instead have gorged themselves to death. 破产开发商多数是撑死的

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