China - Real Estate - Price Sales Indices

by Eduardo Petazze
In May 2014, widespread, prices of residential and commercial buildings, have stopped growing
registering a slight monthly backing down.
Reduced the likelihood of a housing bubble, the Central Bank of China has arranged reduced, from
June 16, 2014, and selectively for some financial institutions, the RMB deposit reserve ratio by 0.5
percentage points, recovering substantial policy instrument monetary, intended to sustain economic
growth (*).
The National Bureau of Statistics of China published monthly details of the evolution of housing
prices (new and second-hand) and commercial buildings for 70 cities and by floor space
The following is a summary of simple averages for the 70 cities
Sales Price Indices of Buildings Average of 70 Large and Medium-Sized Cities
New
New
Second2010 = 100
Y/Y
Y/Y
Y/Y
residential
commercial
hand
2011
104.17
4.2%
104.34
4.3%
102.79
2.8%
2012
103.46
-0.7%
103.57
-0.7%
101.24
-1.5%
2013
109.59
5.9%
110.06
6.3%
104.51
3.2%
Jan-13
104.56
0.7%
104.73
0.7%
101.76
0.2%
Feb-13
105.62
1.8%
105.85
1.9%
102.36
1.0%
Mar-13
106.70
3.1%
107.01
3.3%
103.00
1.8%
Apr-13
107.68
4.3%
108.05
4.6%
103.54
2.5%
May-13
108.61
5.3%
109.04
5.7%
104.06
3.1%
Jun-13
109.46
6.1%
109.94
6.5%
104.44
3.4%
Jul-13
110.22
6.7%
110.75
7.1%
104.78
3.6%
Aug-13
111.09
7.5%
111.66
8.0%
105.16
3.9%
Sep-13
111.86
8.2%
112.48
8.7%
105.60
4.3%
Oct-13
112.53
8.8%
113.17
9.3%
106.06
4.7%
Nov-13
113.13
9.1%
113.81
9.7%
106.49
5.1%
Dec-13
113.57
9.2%
114.27
9.7%
106.86
5.3%
Jan-14
114.01
9.0%
114.74
9.6%
107.06
5.2%
Feb-14
114.33
8.2%
115.07
8.7%
107.22
4.7%
Mar-14
114.59
7.4%
115.35
7.8%
107.36
4.2%
Apr-14
114.66
6.5%
115.43
6.8%
107.45
3.8%
May-14
114.50
5.4%
115.25
5.7%
107.36
3.2%
Mar14 M/M
-0.15%
-0.16%
-0.08%
Sales Price Index for New residential buildings in some cities (2010=100)
Shanghai
Beijing
Tianjin
Quanzhou Shenzhen
Wuhan
New
residential






2011
102.1
102.9
104.1
100.8
103.9
104.0
2012
101.1
102.5
103.4
100.3
102.6
103.7
2013
113.1
115.1
109.1
104.4
117.5
111.5
2013 Y/Y
11.8%
12.3%
5.4%
4.1%
14.5%
7.6%
Jan-13
102.9
105.9
104.7
100.6
106.6
106.1
Feb-13
104.8
108.5
106.1
101.3
108.9
107.3
Mar-13
107.6
110.8
107.6
101.3
111.8
108.3
Apr-13
109.5
112.4
108.3
102.8
113.9
109.4
May-13
111.0
113.8
108.7
103.5
116.0
110.4
Jun-13
113.0
115.3
109.0
103.9
117.9
111.3
Jul-13
114.9
116.8
109.5
104.9
118.9
112.2
Aug-13
116.5
117.8
110.0
105.4
120.5
113.3
Sep-13
118.1
119.0
110.6
106.6
122.2
113.8
Oct-13
118.9
119.7
110.9
107.1
123.3
114.8
Nov-13
119.6
120.3
111.4
107.5
124.5
115.4
Dec-13
120.3
121.0
111.9
108.1
125.1
115.8
Jan-14
120.8
121.5
112.4
108.6
125.6
116.3
Feb-14
121.3
121.7
112.8
109.3
125.9
116.7
Mar-14
121.7
122.2
113.1
109.4
126.2
117.2
Apr-14
122.0
122.4
113.2
109.5
126.4
117.3
May-14
121.7
122.5
113.2
109.3
126.1
117.3
May-14 M/M
-0.2%
0.1%
0.0%
-0.2%
-0.2%
0.0%
May-14 Y/Y
9.6%
7.6%
4.1%
5.6%
8.7%
6.3%
Also see: In May 2014, the consumer price index (CPI) went up by 2.5% Y/Y (+0.1% M/M)
House renting grew 0.0% M/M (3.4% Y/Y)
(*) People's Bank of China has been actively and vigorously support the use of monetary policy tools
to adjust the economic structure, especially to encourage and guide financial institutions to allocate
credit more resources to the areas of the "agriculture" and small and micro enterprises