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��Home>>Business
Housing price in big cities keep soaring
www.chinanews.cn 2007-05-17 16:08:27
According to the statistics from the National Development and Reform
Commission and the National Statistics Bureau of China, the average
housing price in 70 big and medium-sized cities increased by 5.6% in the
first quarter of 2007.
Chinanews, Beijing, May 17 - According to the statistics from the
National Development and Reform Commission and the National Statistics
Bureau of China, the average housing price in 70 big and medium-sized
cities increased by 5.6% in the first quarter of 2007. Shenzhen ranked
No.1, with its housing price increasing by 12.6%, while Beijing ranked
No.3 with a 9% growth.
The price of newly built commercial houses in big and medium-sized cities
has also kept rising, even in Shenzhen and Beijing, where strong
regulations to suppress housing price hikes are being exercised.
Secondhand houses have become more and more expensive, too. For example,
the average price of secondhand houses in Dali, Yunnan Province has
increased by 10%.
Quite a large number of property agents believe that the rising land
prices should be blamed for the housing price hike. Statistics also show
that the average land price in the 70 cities has increased by 9.8% in the
last 4 months.
"Housing price hike might make an overheating stock market in China, and
that's what we must be aware of," said an expert.
��Housing price keep rising despite govt control measures
��NDRC warn against soaring housing price
��Housing price keeps soaring in Beijing
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