2015-04-16

Data Points to Pickup in Chinese Real Estate

and a rise in prices in Q2. The headline says the data shows a big change, with even third- and fourth-tier cities experiencing big increases in volume starting in late March.

The shift is in stark contrast to data only weeks earlier. The mood of the market then could be summed up by this Hong Kong listed developer: don't buy land, don't develop, or at least by very little land and develop very slowly.

Bifurcation remains the theme though. In Q1, the 20 largest listed companies made 60% of their land purchases in first-tier cities, an all-time high according to DTZ. While sales are up nationally, they're up much more in the first-tier cities. In April, Beijing, Shanghai, Guangzhou and Shenzhen are seeing year-on-year sales volume increase by 86%, 20%, 64% and 50%, respectively.

iFeng: 数据显示房地产正发生巨变 二季度市场或上行

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