Conditions improve for Chinese real estate industry

Conditions improve for Chinese real estate industry

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In the week from May 11 to May 17, the average margins between land sales prices (via auction) and land cost prices in China rose for the fifth consecutive week, increasing to 26 percent, the highest level so far in the current year, as announced by CRIC, a real estate research institute of E-House, a Shanghai-based real estate transaction service provider.

Moreover, the mortgage rate for first-time house-buying decreased for the fifth consecutive month in April, indicating financial conditions in the real estate sector continued to ease in the given month. Market analysts have suggested that the government should increase the financial controls on capital flowing into the real estate market and avoid excessively rapid issuance of supportive policies aimed at stimulating housing purchases. 

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