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China property: muddling through?

Financial Times
China property: muddling through? - China - property market


High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://blogs.ft.com/beyond-brics/2012/07/05/china-property-up-down-or-muddling-through/#ixzz1zuXD95KS China’s property market is showing signs of life. Home sales have jumped in recent weeks and developers are stepping up their purchases of land. Some analysts reckon that after a stagnant start to the year, the market may have bottomed – a development that could reignite the construction boom and have big implications for economic growth.



But skeptics counter that the rebound in sales volumes in May and June is only a result of aggressive price discounting by developers and could well prove to be short lived.

Gavekal, a Hong Kong-based research house, says that in May listed Chinese developers reported month-on-month sales increases ranging from 19 per cent to 44 per cent. Even year-on-year figures rose as much as 20 to 30 per cent.



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