Both good and bad news in China's property rebound

Last week China Vanke, the country's biggest residential property developer, announced that home sales last month leapt an impressive 140 per cent compared with December 2011.

As a result, its overall sales for last year amounted to 140 billion yuan (HK$172.88 billion), up 16 per cent from the year before. This surge in activity follows the news that home prices rose in the majority of big cities in November (see the first chart).

via Business feed http://www.scmp.com/business/article/1127324/both-good-and-bad-news-chinas-property-rebound