Home>News Center>China
       
 

Housing price growth slows down
By Ng Ting Ting (chinadaily.com.cn)
Updated: 2005-07-14 16:55

The growth rate of national housing price decreased 1.8% in the second quarter this year, an indicator that macroeconomic adjustment policies announced in March to cool down property market began bearing fruits, reported Beijing Morning Post on Thursday.

The survey, conducted by the Commission of Development and Reform and the National Bureau of Statistics, found that the housing price in 35 cities in China increased 8% from March to June, compared with the previous quarter, which was 1.8% lower than the 9.8% in the first quarter.

The slowdown in property price growth was even more obvious in some other cities, the survey found.

In the second quarter, the growth of housing price in Shanghai ranked the highest, followed by Beijing and Xiamen.

The average housing price in Shanghai was 8,355 yuan (more than US$1,000) per square meter, while in Beijing and Xiamen, the prices were respectively 7,036 yuan (US$850) and 6,990 yuan (US$845) per square meter, according to the Beijing Morning Post.

Besides, the price level in Shenzhen, Ningbo, Hangzhou and Guangzhou were also higher than 6,000 yuan, with each square meter costing 6,750 yuan, 6,606 yuan, 6,484 yuan and 6,300 yuan respectively.

In Nangjing, the average housing price was 5,270 yuan. The prices in all other cities are below 4,800 yuan (US$580).



Special police detachment established in Xi'an
Panda cubs doing well in Wolong
Suspect arrested in Taiwan
  Today's Top News     Top China News
 

Taiwan's KMT Party to elect new leader Saturday

 

   
 

'No trouble brewing,' beer industry insists

 

   
 

Critics see security threat in Unocal bid

 

   
 

Former bank chief tried on corruption charges

 

   
 

Workplace death toll set to soar in China

 

   
 

No foreign controlling stakes in steel firms

 

   
  No foreign controlling stakes in steel firms
   
  China-made telescopes race to space
   
  'No trouble brewing,' beer industry insists
   
  HK investors cautious on mainland homes
   
  Law in pipeline to ban money laundering
   
  Overseas students test their Chinese abilities
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement