TheNBSpublishedAug2013and8M13Chinapropertydata:
Salesvalueofcommodityproperty+34.4%YoYtoRmb4,572bn,amongwhichresidential+35.7%YoYtoRmb3,853bn,office+41.8%YoYtoRMB210bn,whileretail+19.8%YoYtoRMB427bn.
GFAsoldofcommodityproperty+23.4%YoYto708msqm,amongwhichresidential+24.4%YoYto634msqm,office+28.2%YoYto15.4msqm,whileretail+7.8%YoYto43msqm.
CommoditypropertyASP+9%YoYtoRmb6,454psm,residentialpropertyASP+9.1%YoYtoRMB6,076psm,officepropertyASP+16.6%YoYtoRmb13,667psm,whileretailpropertyASP+11.2%YoYtoRmb10,049psm.
FAIofcommodityproperty+19.3%YoYtoRmb5,212bn,ofwhichresidential+19.1%YoYtoRmb3,574bn,office+40%YoYtoRMB285bn,andretail+26.5%YoYtoRMB717bn.
GFAunderconstructionofcommodityproperty+14.4%YoYto5,856msqm,ofwhichresidential+12.0%YoYto4,296msqm,office+24.9%YoYto215msqm,andretail+19.3%YoYto695msqm.
GFAstartsofcommodityproperty+4%YoYto1,278msqm,ofwhichresidential+3.3%YoYto937msqm,office+4.6%YoYto41msqm,andretail+3.4%YoYto159msqm.
GFAcompletedforcommodityproperty+4.6%YoYto467msqm,ofwhichresidential+1.4%YoYto363msqm,office+20.9%YoYto11.2msqm,andretail+9.2%YoYto51msqm.
8M13totallandareaacquired-9%YoYto215msqm,andtotallandacquisitionvalue+5%YoYtoRMB505bn.
AftertherecentliquiditycrunchinJunwhichledthepropertymarketintoasoftpatch,8M13commoditypropertysalescontinuedwithastrongYoYgrowthat34.4%evenasthemarketbegantorecoveraroundJulayearago.
Forsalesvolume,8M13YoYgrowthremainsat+23.4%YoY,andinmonthlytermsitwas+23%YoYwithend-userdemandholdingupwell.Also,formonthlycommodityresidentialsalesvalueandvolumeweareseeinga14%and10%YoYgrowthrespectively(Aug2012:+25%YoY/+13%YoY).Aug2013residentialASPYoYgrowth(+4%YoY)ismostlystablecomparedwithAug2012YoYgrowthof10%.Both8M13andAug2013commoditypropertysalesvalueandvolumehavecontinuedtoshowstronggrowthfromayearagowhenthepropertymarketbegantorecoverinJulandthroughout2H12,andafewmonthsafterCentralGovernment'snewpropertymarketcontrolpolicies,weareseeingthesustainedgrowthcontributedbysolidend-userdemand.