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Chongqing's property sales hit yearly high in Jun

Jul. 10, 2012 (China Knowledge) - Chongqing, one of the four Chinese municipalities directly under China's Central government, saw its property sales in the main city reached yearly high of 20,475 units in June, sources reported.

The figure last month was 700 units more than it realized in May 2012.

In Jun 2012, the city's property transaction area totaled 189.85 million sq m, higher than 179.78 million sq m it realized a month earlier.

The loosening of bank loans and the increase of new home supply boosted the sales last month, said analysts.

According to data from China's, 25 out of 37 China's large and medium-sized cities saw their property transaction increased in June, including Beijing, Shanghai, Guangzhou and Shenzhen.

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