March Sales Strong in Third Tier Cities

Two hours after a report showing tumbling home sales in third-tier cities during the first week of April, an article touting strong sales in March was out.

iFeng: 二三线城市成交全线上涨 楼市去库存渐见起色 (Second- and Third-Tier Sales Rise)

"From March 36 major cities we monitor housing turnover ring up than across the board." Vice President Huang Yu told reporters, in which second-tier sales area turnover rose 155.68% month-on-month, an increase of 91.31% year-on-year, and there are four cities up more than 300% yoy; third-tier cities sales area turnover rose 84.42% mom, an increase of 83.23% yoy, Baotou sales rose over 300% yoy.

Data from China Vanke, gold, Poly and other real estate listed companies to disclose the point of view, the same cozy warmth.

Among them, the real estate enterprises Vanke March sales area of ​​2.398 million square meters, the sales amount of 33.61 billion yuan. An increase of 93.2% and 128.0%, respectively, growth of 100.5% and 109.7%. Golden Group in March contracted area of ​​715,000 square meters, an increase of 95.4%; contract amount of 9.85 billion yuan, an increase of 143.2%. Poly Real Estate in March contracted area of ​​1.6583 million square meters, an increase of 159.49 percent; a contracted amount of 22.234 billion yuan, an increase of 196.98%.