Residential

H1 2012 sales are higher than H1 2011’s despite fall in June Developers sold a total of 1,371 units, excluding ECs, in June, a 19.5% fall from May’s figures but a 16% increase from June 2011. Despite this, the total for H1 2012 is 12,098 units, up from H1 2011’s 8,039 units and nearly the 15,904 units sold in the whole of 2011. The total for 2012 is expected to hit a record high of 18,000-22,000 units. Meanwhile, Q2 2012’s private home price index increased by 0.3% from Q4 2011, and is expected to remain stable with 0.5-1% increment, no change or just a slight fall in H2 2012, especially with competition from the constant supply from new launches. Competition also comes from the resale market, as evident from the increase in transaction volumes from 1,906 units in Q1 2012 to 3,402 units in Q2. The ......