As many as 26 realty developers polled in a survey reported increasing revenue in the second quarter of 2012, according to a research report released by Standard Chartered Bank (China) Limited.
The survey polled 30 developers in eight cities around China including Wuhan, Nanjing, Hangzhou and Xi'an. As many as 17 developers said land prices in their cities have not fallen in the past three months.
Respondents said around 90 percent of house buyers in the second quarter were purchasing for rigid demands, with 57 percent buying for their first homes and 31 percent purchasing homes to improve their housing conditions, the report said.
As many as 16 respondent developers said they will not buy more land in the next six months, according to the report.
Developers also said the cost of refinancing from banks and trusts have been significantly reduced.
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