The transaction volumes of residential properties in 20 cities out of the 35 cities monitored rose year-on-year during the July 18-24 week, of which 11 cities posted increases of more than 50 percent year-on-year, reports, citing China Index Academy, an affiliate of Soufun.
Xiamen, Wenzhou, Sanya, Fuzhou and Dongguan posted year-on-year increases in transaction volumes of almost 100 percent, while Shanghai, Chongqing and Wenzhou posted year-on-year declines in transaction volumes.
Shenzhen posted a more than 90 percent year-on-year growth in transaction volume last week.
The number of homes that were transacted in Beijing, Shanghai, Guangzhou and Shenzhen hit 1,557 units, 2,741 units, 1,313, units and 946 units, respectively.
Transaction areas in the above four first-tier cities were 178,900 square meters, 279,000 square meters, 151,000 square meters and 78,700 square meters, respectively.
A total of 237 plots of land covering an area of 8.59 million square meters were supplied in the 20 major cities, of which 8.12 million square meters were transacted. Of the total, 3.5 million square meters were transacted in Dalian.
The 20 cities rolled out 65 plots of land for residential purposes, an addition of 31 plots week-on-week. Total residential land supply hit 3.15 million square meters, up 1.18 million square meters from the previous week.
A total of 25 residential land plots were transacted, a decline of 15 plots from the previous week. The transacted land plots covered an area of 1.22 million square meters, down 1.51 million square meters week-on-week.
Some four plots of land for residential purposes covering a total area of 530,000 square meters were transacted in Beijing last week at an average price of 7,199 yuan per square meters, a premium of 20 percent.
Shenzhen recorded four transactions of residential land covering a total area of 130,000 square meters at an average price of 1,055 yuan per square meter. No premium was recorded.
Shares of China Vanke (000002) rose 0.74 percent to close at 8.2 yuan per share today.

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